How Landlords Protect Themselves From Lawsuits Asset ProtectionIf you are a landlord, you have likely put in a lot of blood, sweat, and tears to get where you are. Still, you have to put in a little bit of extra work to avoid the risk of losing it all in a lawsuit. Let’s look at how landlords protect themselves from...
Control Without Ownership: The Smart Way Real Estate Investors Own Property Asset Protection, Corporate StructureIf you are in a position to invest in real estate, congratulations! Your hard work, saving and diligent money management will pay off. Now’s not the time to ignore asset protection. This means structuring your business in such a way to ensure the maximum legal...
Community Property: What Investors Need To Know Asset Protection, Estate PlanningYou can’t be a great real estate investor if you don’t have an understanding of marital property laws and how they affect your investments. Most U.S. states use common law, also known as or equitable distribution, as their matrimonial regime, but in Texas...
Anonymity & The LLC: States Where Business Owners Love The Laws Asset ProtectionReal estate investors love the liability and asset protection offered by a Limited Liability Company (LLC). Do you know what makes an LLC even better? When it’s completely anonymous. Fortunately, some states offer you the chance to escape from unnecessary legal...
What’s The Difference Between A Roth IRA And A 401(k)? Retirement Planning, Self-Directed IRA, Solo 401kSometimes saving for retirement seems more complicated than it should be, and even more so when you work for yourself. There are a seemingly endless number of retirement accounts to choose from, and you want to make the best decision for your future (and for your...
Can A Trustee Sell Trust Property To Himself or Herself? Land TrustA land trust can be a simple and effective tool for real estate investors who want to maintain privacy in their investments. With a land trust, you appoint a trustee to hold legal title and manage the property for your benefit or the benefit of a third party. But...
What Is The Difference Between A Will And A Trust? Estate PlanningWhile you probably know that wills and trusts are both used in estate planning, many people don’t truly understand the difference between the two. So, what what IS the difference between a will and a trust, anyway? Both wills and trusts are used to pass your property...
How The SECURE Act Impacts Inherited IRAs Retirement PlanningThe Setting Every Community Up for Retirement Enhancement (SECURE) Act went into effect on January 1, 2020. While the law was touted as a way to encourage retirement savings, some of the changes created by the SECURE Act actually limit the use of IRAs to build family...
Roth IRA Vs. 401K: Which Is Right For Me? Retirement PlanningDeciding the best way to save for retirement can be confusing. Many investment options seem remarkably similar and trying to understand the differences feel like trying to decipher the Rosetta Stone. Choosing between the different types of retirement plans can be...