10:53 AM 12/07/2011
I am about to buy a house, and I would like to avoid a public record under my name. Any ideas on what my options are? Do I put it under a family trust? Under an LLC?
I am not an attorney, nor do i play one on TV. An LLC can be looked up here:
so there is just an extra step. However, your lawyer may know how to file such documents so they don't reveal your information online when searching that database (using him/her as a registered agent, and her/his address for service process). Generally these are pass through for tax purposes (though not for losses).
Other than that, a land trust will definitely fulfill your privacy needs, however there are a host of beneficiary issues as well as potential tax issues. You would definitely need hand holding for that, or just get one of the online "how-to" kits (NOT!).
Either way, your attorney would be the one to speak with.
12:14 AM 12/08/2011 | 0 Votes
An LLC if properly set up will avoid your name showing up in public records. Consult with your attorney.
12:11 PM 12/12/2011 | 0 Votes