Business Structure for Small Real Estate Investor

[Sim Anderson]

Hey friends, 

I'm currently in the process of getting my act together to establish a proper corporate structure.  My main concerns are:

1) Asset protection 

2) Wealth transfer

I'm not wealthy now, but I'm in a much better place than I was 5 years ago due to hard work and failing small. My question is this - I'm working with Asset Protection Planners and they suggested a structure that consists of a Trigger Trust that contains a Wyoming holding company that manages three LLCs in the state in which the properties reside. Then, they would have a Delaware LLC that places a "friendly lien" on the properties based on the amount of equity in them and act as a private member manager for all of the properties. Total cost: 12,445 with a yearly renewal of about 3,500

Y'all, I only own three properties and while they are in solid area and are great, I'm not rolling in cash over here.  I understand that legal work is expensive, and I'm willing to spend what I need to in order to set my business up for success but does this seem reasonable for where I am with my business?