07/03/2024
Do you own an investment property? Do you own it in your personal name? If so - you are putting your assets at risk to things like: lawsuits, judgement liens and other not so fun things.
If you own an investment property in your personal name - don’t worry, there’s an easy fix.
I’m a North Carolina Estate Planning and Real Estate Attorney and I own all my investment properties in an LLC to protect them.
It’s easy to protect them - here’s how:
A Gift Deed.
Gift Deeds can help protect your investment properties by conveying the real estate into an LLC that you own.
Gift deeds are also helpful to achieve things like:
Conveying title for real estate (like mentioned above)
Gifting someone real estate
Add someone to title with you for the real estate (example: spouse or partner or friend etc)
Estate planning - another method to make sure someone receives the property when you pass
Trading real estate (instead of buying/selling you trade properties with someone)
Asset protection: You would put you property/properties into the name of a trust or LLC - (Example: If you get a judgement lien against you, it’ll generally attach to your personal name and any property you own in your name but it will NOT attach to business LLC’s/other entity names).
This generally protects you against litigation, judgements etc. While you hope this never happens, you need to be protected in the case that it does.
Protect you and your family and your investments today - get a gift deed!
Only $631 ($600 for the consult and drafting and $31 for the recording fee). LLC setup is also available, just ask me for the package deal and I will setup both your LLC and gift deed for you!
Signup using the link below!
Questions? Here's my personal cell number 828-226-1493
Talk soon!
Disclaimer
No Attorney-Client Relationship Created by Use of this Post:
Neither your receipt of information from this website nor your use of this post to contact The Lancaster Law Firm or one of its attorneys creates an attorney-client relationship between you and The Lancaster Law Firm. As a matter of policy, The Lancaster Law Firm does not accept a new client without first investigating possible conflicts of interests and obtaining/sending a signed engagement letter or email correspondence. Accordingly, you should not use this website to provide confidential information about a legal matter of yours to Lancaster Law Firm.
No Legal Advice Intended:
This post includes information about current, past, and future potential legal issues and legal developments for educational purposes only. Such information is provided for informational purposes only and may not reflect the most recent legal developments. Posted information is not intended, and should not be taken, as legal advice for a particular set of circumstances you may be experiencing. You should contact an attorney for advice on specific legal problems.
