I'm wondering if I should be buying the investment properties under my Living Trust in order to avoid probate issues in future OR rather my own name. I'm not considering an LLC at the moment. Does anyone have a recommendation?
@Shriraj Shah your missing the forest for the trees. Please seek out some professional advise on your specific situation, but I would use a land trust (for privacy reasons) and then have the beneficiary be your living trust. If you want better protection then have your LLC be the beneficiary and the owner of your LLC be your living trust. (Best of both worlds)
Do not count on insurance to bail you out of a lawsuit. They first comment back after a claim is to deny it, and then you have to fight them tooth and nail to get something out of it. With a living trust on all your properties you are exposed not only to that property, but everything that you own personally.
@Shriraj Shah your missing the forest for the trees. Please seek out some professional advise on your specific situation, but I would use a land trust (for privacy reasons) and then have the beneficiary be your living trust. If you want better protection then have your LLC be the beneficiary and the owner of your LLC be your living trust. (Best of both worlds)
Do not count on insurance to bail you out of a lawsuit. They first comment back after a claim is to deny it, and then you have to fight them tooth and nail to get something out of it. With a living trust on all your properties you are exposed not only to that property, but everything that you own personally.