%
Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . presented by

User Stats

63
Posts
42
Votes
Fabiola F.
  • Developer
  • Miami Jacksonville, Atlanta
42
Votes |
63
Posts

Land trust vs umbrella policy for a property held in my name

Fabiola F.
  • Developer
  • Miami Jacksonville, Atlanta
Posted

I own a vacation rental property that I had to quit claim out of my LLC into my name when I did a cash out refinance. So for asset protection & anonymity, I'm considering transferring the property into a land trust. Here's the 3 scenarios I'm considering:

1 Is the anonymity protection a lost cause at this point since ownership has already been exposed and title is now in my name since the refi?

2 Regardless of loss of anonymity, is it still worth transferring into a land trust for asset protection and especially since it is a vacation rental and I need protection against liability?

3 Would an umbrella policy be sufficient without the land trust and provide me with the protection & liability coverage? As a side note: there's significant equity in the property.