Should I use an Irrevocable Trust for my propterties?

[Shane Welch]

I would like to set up and Irrevocable Living Trust to hold my properties and use an LLC to run the business, thus keeping my assets protected. Is this realistic or even how it can be used?
 

Is just using 1 LLC enough?

I want to protect my current and future rental properties as well as other assets from suits or other life happenings, what is the most affective way you use or have found.

Thank you.

[Cory Smith]

I highly recommend you find and pay a trust attorney for an hour or two of their time. If you end up taking advice of someone that doesn’t know what they are taking about here then you have the potential to really screw things up and cost you a small fortune in the process. One quote I’ve found to be invaluable is “If you think it’s expensive to hire a professional, wait until you hire an amateur.”