Where are second homes and non-rental properties placed in my asset protection plan? Since they are real estate, you can hurt yourself on them, and they are know as risky assets they are going into your limited liability company or your asset protection trust. This will all depend on the character of the property, the…
Mistakes to avoid in your plan Signing for your limited partnership is a mistake you want to avoid. Your limited partnership should never guarantee loans or conduct business, unless you are using that particular entity to conduct a certain business. If you are using it to hold that asset, then it shouldn't be conducting another business. You…
Understanding How to Manage Risky Assets If you are a doctor and you own a practice this is probably one of your riskiest assets. What about your office building? How about real estate? If your office building or real estate have equity or are completely paid for, these are considered valuable assets. Not a good idea…