Own Nothing Personally

23 Jun 2022 · 1 min

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In this short instructional video, the speaker advocates a straightforward asset‑protection strategy: keep your name off the legal titles of any valuable assets. By holding rental properties in an LLC that is itself owned by a trust—both named without the individual's name—and by using land trusts where available, you can shield those assets from lawsuits. The speaker also recommends placing savings and investment accounts directly in the name of a trust, emphasizing that the trust’s name can be arbitrary. The overall message is that these steps are simple, effective, and worth adopting, and viewers are encouraged to follow the channel for more detailed guidance.

Chapters

One of the best ways to protect what you have is to own nothing personally. If your name is not on the title of the assets that you have, you've got a much better chance of keeping them. If you were to get sued, most every asset that you own in your name is fair game. Do you have rental property? Hold it in the name of an LLC and put that LLC in your trust. And neither your LLC nor your trust should have your own name in it. And if you're in a state that provides for land trust, they are perfect to protect your assets from lawsuit. Savings accounts, investment accounts, hold them in the name of your trust. And you can name your trust anything you want. This type of asset protection is easy to do, so take advantage of it. And if you want more information about how to protect your stuff, follow this channel and listen to me.