All Forum Posts by: Anne Christensen
Anne Christensen has started 16 posts and replied 49 times.
Post: DO I need a wyoming trust?
- Posts 49
- Votes 30
Thanks so much!!!
Post: DO I need a wyoming trust?
- Posts 49
- Votes 30
Quote from @Stuart Udis:
If the extent of your real estate business is renting out your basement than no, a Wyoming trust is not necessary (in fact, a Wyoming trust is not necessary for 99.9% of real estate owners)....you were contacted by a fear mongering sales person, not someone I would consider to be offering credible services.
Post: DO I need a wyoming trust?
- Posts 49
- Votes 30
Thanks Nathan, We have over $1M in equity. Would an umbrella policy cover us?
Post: DO I need a wyoming trust?
- Posts 49
- Votes 30
Quote from @Nathan Gesner:
Quote from @Anne Christensen:
Unless you have a ton of equity, I wouldn't bother with a legal structure that adds complexity and cost.
The odds of you being sued are about the same as being struck by lightning twice. If you are worried about it, buy an umbrella insurance policy for $1 million and sleep easy.
Post: DO I need a wyoming trust?
- Posts 49
- Votes 30
I'm just starting my real estate adventure, but I do rent my basement on my primary home. I rent through Furnished Finder which has a standard rental contract. I also have registered my "rental company" with the state of Maryland, where we live. Someone contacted me about setting up a Wyoming Trust and said I was ask risk...."piercing the veil". Any advice would be greatly appreciated!
Post: Has anyone used NCH Inc
- Posts 49
- Votes 30
thanks so much Terra! I'm new. If you have another company you could recommend that is less expensive, I'd love to hear.
Post: Has anyone used NCH Inc
- Posts 49
- Votes 30
Is anyone familiar with this group? We just had a call with Adam about setting up our Trust and LLC's in Wyoming. And advice is appreciated.
Post: Love the New Format But Having Trouble Analyzing
- Posts 49
- Votes 30
I had just mastered the original deal analysis and was getting comfortable analyzing deals. I love the more detailed analysis but I'm overwhelmed. Any advice? Many thanks!
Post: A rehab/potential partner in North Charleston, West Ashley, James or John's Island
- Posts 49
- Votes 30
Thanks River! I'd love an intro. Many thanks!
Post: A rehab/potential partner in North Charleston, West Ashley, James or John's Island
- Posts 49
- Votes 30
Thanks Troy! We will be down in late January/early February.