Two-Way Liability Protection

Protecting your asset from you

Ive already posted several times regarding “Asset Protection” and the need to protect your assets in today’s society. Each post has generated similar questions about protection your homes and property; however, protection needs to be a two-way street. Most people have assets which could be lost if not protected and in many cases LLCs and Corporations don’t do the trick. Let me explain why.

We understand an LLC is a Limited Liability Corporation. It’s designed to limit YOUR liability from a property or asset. If you have an LLC and the company owns your rental property, you are protected if someone falls and gets hurt at your house. If the liability attaches to the house, the liability may not pass to you.

HOWEVER, if you have a personal liability, many states allow that liability to attach to property which is held in an LLC. In other words … you may be protected from your asset, but your asset may not be protected from you. Your property or asset may still be at risk and you didn’t even know it.

Using a trust provides two-way protection. You are protected from any liability associated with the asset and the asset is protected from the liability of the trustee, director and beneficiary. You can maintain control (as beneficiary or director) and have best liability protection allowed by law.

For more information, please visit our website.

www.AssetInvestmentTrust.com
Greg Gardner - Director
Asset Investment Trust
112 S. Main St,
Clover, SC 29710
877-567-2513 (Ext 101)