Asset protection guidance
Dear BP community,
I am a 50 year old immigrant and have worked hard to make a life for myself. I have a net worth of ~2-3M in the form of a primary, secondary home, a rental property, and savings/CD accounts and a W2 FT job. I intend to embark on a business venture which is high risk and high reward. Before I do so, I want to take steps to protect my assets. The nature of the business will be such that lawsuits and claims are expected. I am consulting anderson advisors but not convinced that I should hire them. I am requesting you to share your suggestions on which vehicle i should use to protect below assets. I know I am asking for a lot but my experience at BP has been fabulous and the knowledge I have received from this forum has been so much wiser than any professional I have come across (yet). If you have names of attorneys you can recommend , that will also be of immense help. Thanks in advance and God bless!
1) Primary home - GA - titled to me - Trust or LLC or both
2) Secondary home - GA - titled to spouse - Trust or LLC or both
3) Rental property - GA - titled to me -
4) Savings/CD Accounts - 1M - GA
5) W2 income (self and spouse)
Thanks,
Vidit