{"id":8350,"date":"2022-04-12T00:00:00","date_gmt":"2022-04-12T07:00:00","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=142409"},"modified":"2022-04-12T00:00:00","modified_gmt":"2022-04-12T07:00:00","slug":"biggerpockets-podcast-595-how-to-layer-legal-protection-so-lawsuits-wont-touch-your-wealth-w-brian-t-bradley-esq","status":"publish","type":"post","link":"https:\/\/www.jerrybice.com\/wordpress\/biggerpockets-podcast-595-how-to-layer-legal-protection-so-lawsuits-wont-touch-your-wealth-w-brian-t-bradley-esq\/","title":{"rendered":"BiggerPockets Podcast 595: How to \u201cLayer\u201d Legal Protection So Lawsuits Won\u2019t Touch Your Wealth w\/Brian T. Bradley, Esq."},"content":{"rendered":"<p>Most investors assume LLCs for rental properties are the way to go in terms of asset protection. From a novice\u2019s point of view, LLCs seem to provide everything you would need?\u2014anonymity, simple tax filing statuses, and legal protection. But, an LLC in reality isn\u2019t as airtight as most real estate investors think. And the worst time to learn about the limitations of an LLC is during a lawsuit, where your wealth (and sanity) is at risk.<\/p>\n<p>To stop you from guessing when it comes to asset protection, we\u2019ve brought on our go-to expert and heavy hitter asset protection lawyer, Brian T. Bradley, Esq. Not only is Brian well versed in the realm of asset protection, but he\u2019s also helped numerous clients protect their real estate wealth, making him the perfect person to ask about LLCs, limited partnerships, trusts, and more.<\/p>\n<p>Brian walks through the different types of legal \u201clayering\u201d that real estate investors can set up to protect themselves from lawsuits and angry creditors. He defines exactly how each type of real estate investor should set up their assets as their net worth expands, and what to do BEFORE you get served with a lawsuit. While Brian may not know your personal situation, he does speak with years of experience serving high-net-worth investor clients and can relay their mistakes (so you don\u2019t make them too).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most investors assume LLCs for rental properties are the way to go in terms of asset protection. From a novice\u2019s point of view, LLCs seem to provide everything you would need?\u2014anonymity, simple tax filing statuses, and legal protection. But, an LLC in &#8230;<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[2301],"tags":[],"_links":{"self":[{"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/posts\/8350"}],"collection":[{"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/comments?post=8350"}],"version-history":[{"count":1,"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/posts\/8350\/revisions"}],"predecessor-version":[{"id":8351,"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/posts\/8350\/revisions\/8351"}],"wp:attachment":[{"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/media?parent=8350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/categories?post=8350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/tags?post=8350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}