All Forum Posts by: Marc Loftin

Thanks Robert, I too am a curious ..... can a DST separate one from assets and provide some level of protection for personal liability.

Thanks to everyone for the input. After researching options it appears things can get seriously complex with asset protection strategies..... Manager managed WY LLC, owning member managed LLC's, which own Land trust for each property...... my head is spinning. All seems like an expensive rabbit hole and a full time job. At this point I'm inclined to keep it simple. The real issue I have ..... how do I protect my assets FROM MYSELF ? Example: If I inadvertently break an FFA regulation and cause harm to person or property while flying a glider or plane, it would appear all my assets are at risk, everything. CA LLC's offer no outside protection, no charging order protection. IRA's in CA provide limited protection. Aviation insurance is super expensive or unobtainable. Judgments can even be place against my ordinary monthly income. Maybe it's time to move to Nevada and bury my head in the sand while keeping my fingers crossed.

I own rental properties in two states. How does one go about choosing which state to set up an asset protection plan using LLC's?

I own four residential rental properties. Two in Southern California, where I currently live, and the others in Kansas City Missouri. I've not formed LLC's for the properties but am now considering it. I've been advise this is necessary as an additional layer of liability protection, and an important consideration in structuring an asset protection plan. I currently have a two million dollar umbrella policy on top of rental property insurance with limits set at $500,000. Half my personal assets are in SFR's with the other half in cash. All the properties have substantial equity......greater than 60%.

Looking for thoughts on which state is best to form LLC's. California is expensive with an annually cost of $800 per LLC. I believe the cost is about $150 in Missouri.

I currently live in California. Is this a factor in choosing where to form LLC's?

Are individual LLC's required for each property?