Switch over to LLC or Personal Name - $4000

[Pierre Eade]

I have a duplex that I bought when I was first starting out that I purchased in my own name. Now I do everything in an LLC. I am going to refinance this property with cash out and have the option of putting it into an LLC name. The problem is that in PA I have to pay a 2% transfer fee which amounts to about $4000. I'm trying to figure out whether to keep it in my personal or switch it over. I know there are some liability issues with keeping it in my personal that I might be able to cover via an umbrella policy. Not sure what to do and am looking for some perspectives, thoughts, pros/cons or things I might not be considering. Thank you.

[John Underwood]

Does the same fee apply if you place in a land trust? Once in the trust you can move it around with no one knowing, you just change the beneficiary wich could be the LLC. The beneficiary is not recorded, only the trustee.