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Mya K.
  • Atlanta, GA
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Ultimate Privacy w/o setting up a Trust

Mya K.
  • Atlanta, GA
Posted

I have read a ton about whether to set up a trust or place a property under a llc. If I am trying to come up with an alternative to both trusts and llcs, what you would suggest that I do in order to still have the utmost privacy and take my personal residence out of my name?

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Ned Carey
  • Investor
  • Baltimore, MD
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

Keep in mind you may lose some owner tax benefits when putting your personal home into an entity. Why would you not want to use a trust? That is what trusts are for. There are lots of kinds of trusts some easy and inexpensive to set up.

Why is privacy on your home important to you? If you think it will even slow down an attorney or good process server you've been ready too much Guru Gobbledygook.

  • Ned Carey
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