What kind of tomfoolery are you talking about because you know and I know your personal residence should be treated as an investment and shouldn't be in your name
So, I just had a phone meeting with Carter to place my residence in a residential trust, somehow I am now confused about how a residential trust and a land trust are related?
If your state has a large homestead exemption or unlimited exemption a trust should only serve as a probate avoidance tool in reality. The homestead exemption covers the home from most creditors, therefore the trust would not be of any real value except for probate. Any additional equity could be handled by a equity stripping method. I also like using a form of irrevocable trust for greater protection, but they must be drafted very carefully.
avoiding the word land interest is a very great good idea but I don’t think avoiding the address is such a good idea especially in creative financing address plus borrowers last name without word land seems the best option for me, but I’m too scared to put borrowers last name in the trustso I just go with the address I want thank you. Educating us all, I wouldn’t know things without your videos.
Clint, creating a land trust for a property in FL and having a WY LLC as beneficiary for charging order protection does not require to register the WY LLC as a foreign LLC in FL, correct?
@@ClintCoons Will you recommend doing it this way (WY LLC as beneficiary of land trust in FL) or having the beneficiary of the land trust be a FL LLC and the WY LLC owns the FL LLC?
@bonniecrawcord5345 Thanks. If you would like to learn more you can register for one of our upcoming Livestream 1-day Tax and Asset Protection Classes for Real Estate Investors. Here is the link: aba.link/RUclipsAP.
Clint, what asset protection structure would you pursue for a 2 family primary residence in a state like NJ where there is no homestead exemption?
What kind of tomfoolery are you talking about because you know and I know your personal residence should be treated as an investment and shouldn't be in your name
Ur thumbnail image says “Hand Trust”. Thanks for the video
What if the trustee lives on the property? Doesn't the homestead exemption still hold?
So, I just had a phone meeting with Carter to place my residence in a residential trust, somehow I am now confused about how a residential trust and a land trust are related?
In hand we trust😂
If your state has a large homestead exemption or unlimited exemption a trust should only serve as a probate avoidance tool in reality.
The homestead exemption covers the home from most creditors, therefore the trust would not be of any real value except for probate.
Any additional equity could be handled by a equity stripping method. I also like using a form of irrevocable trust for greater protection,
but they must be drafted very carefully.
Great points
avoiding the word land interest is a very great good idea but I don’t think avoiding the address is such a good idea especially in creative financing address plus borrowers last name without word land seems the best option for me, but I’m too scared to put borrowers last name in the trustso I just go with the address I want thank you. Educating us all, I wouldn’t know things without your videos.
Left me hanging on the personal residence protection concept 😢 What type of trust is best for that?
same question
I have two trusts a RT and an IT and I don't like the names. Is it too late to change the name for anonymity purposes?
No if you have not funded them.
They have been funded. Is there a strategy for this situation?
Clint, creating a land trust for a property in FL and having a WY LLC as beneficiary for charging order protection does not require to register the WY LLC as a foreign LLC in FL, correct?
That is correct.
@@ClintCoons Will you recommend doing it this way (WY LLC as beneficiary of land trust in FL) or having the beneficiary of the land trust be a FL LLC and the WY LLC owns the FL LLC?
@@christiandantas1315 I would use a WY LLC
@@ClintCoons This would not apply if you had multiple properties correct? Would still need multiple LLCs?
Thank you.
how do i sign up for sat class
@bonniecrawcord5345
Thanks. If you would like to learn more you can register for one of our upcoming Livestream 1-day Tax and Asset Protection Classes for Real Estate Investors. Here is the link: aba.link/RUclipsAP.