Asset Protection for your Personal Residence

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You have to be strategic when it comes down to protecting your personal residence from creditors in case you get sued.

WATCH this video to learn some strategies to protect your personal property including friendly liens and homestead exemption.

Join us for our FREE upcoming Tax & Asset Protection workshop to better help you meet your goals and secure your future

Looking for a book to help you reduce your taxes and find real estate wealth, then you need to check out our FREE eBook, "Un-Tax Yourself"
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Here’s a little about me and my book Asset Protection for Real Estate Investors

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Phone: 800.706.4741
Fax: 702.664.0545

ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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I don’t understand this LLC protecting personal assets . I understand around rental property to safeguard personal asset, outside the rental but if you have an LLC around your personal property than someone will just sue the LLC instead of you so wheres the asset protection?

EdwardMidcrest
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Hi Clint, You have another video titled "Why you should never place a personal residence into a land trust" which contradicts "Asset Protection for your Personal Residence" where you advise to use land trust. Could you clarify please?

dba-jsmj
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This is just what ive been lookong for. Do you do comprehensive estate planning?

nap
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Thanks Clint. How to add Living Trust for Estate planning purposes to this picture, where does it come in

dba-jsmj
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If I put my personal home in a Land trust will I still get the homestead exemption ?

jkreventures
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How about a primary residence trust? Thank you

guardpeace
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But you said to use a residence trust NOT A LAND TRUST???

Hfpdhmdpcf
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doesn't it trigger a tax reassessment when you transfer the deed from your name to LLC?

CherimoyaQueen
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I live in California where I have a 7K homestead exemption. My question is -- how does QPRT work where I "gift" the home to a special needs trust for my son where I am trustee for life. Am I allowed to do a QRTP? I also have a mortgage that I'm paying down. Can the lender block this transfer?

JHN
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Could a ppp loan help this situation at all ?

Kingjamez
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If I have a home FMV of 800K, with a mortgage of 400K, and a HELOC (unused) of 200K, should I still consider a DAPT?

chrisnelson
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OJ finally got the justice he deserved.

jameslovell
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I am on medical disability I live in Virginia I have a property and a car attached to my name. I know they cannot garnish my disability check

Tricebbt
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Why the land trust? Why not just have the LLC own the residence?

realkingbrandon
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Client how do you get your name out of the mortgage

ako
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How do you get your name out of the property

ako
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Great video! What about an off shore trust? Could the property be owned by an offshore trust?

sinmayp
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Isn't a Land Trust (Grantor Trust) subject to the grantor’s creditor claims, therefore defeating the "LLC as Beneficiary" structure?

robber.baron
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Digital Gold, hiding in plain sight on youtube. Thanks Clint.

shaguar
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Thank God, I live in Texas 100% homestead exemption

Guillermotortiz
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