Posted on: 27th Jul, 2010 12:58 pm
If I put all 3 of my real estate properties in a trust or a s corp and somewhere down the road I get a judement against me, are my properties protected against the lien?
What is better and LLC, S corp or living trust?
What is better and LLC, S corp or living trust?
Welcome rearea,
If you put your property LLC or a S corp, then your creditors may not be able to place a lien on your property. Also, a lien cannot be placed against a living trust. However, any assets which are transferred into the trust, can have a lien placed against them. It would be better to take an opinion from the real estate attorney in this regard and take the right decision.
If you put your property LLC or a S corp, then your creditors may not be able to place a lien on your property. Also, a lien cannot be placed against a living trust. However, any assets which are transferred into the trust, can have a lien placed against them. It would be better to take an opinion from the real estate attorney in this regard and take the right decision.