Land trust or LLC or both? Bank accelerations?
I've heard about LLCs for a little while(Wyoming being the most popular) and the tax and liability benefits that come with it. So I have 2 questions.
1) Can a bank initiate an acceleration clause because they find out your primary residence or investment property is in a LLC? This is something I've recently heard and is new to me.
2) How would you structure your home(s) within a protective entity such as a land trust and/or LLC?