Ben Ragin is in insurance. I am in real estate.
1. Should I transfer my real estate to my trust?
a. is it a primary residence or a family lake house, beach house w/o cash compensation
Jakes purposes-yes
Bens purposes- yes ; or
b. is it for a rental investment
Jakes purposes- no
Bens purposes- no
**people sue people with money and in their mind, and Morgan & Morgans mind, trusts, however erraneous the logic=$**
2. Should I transfer my vehicle to my trust
Jakes purposes- w/o trust ownership I can still keep you out of probate court using a GA form T-20
Ben's purposes- no, for reasons above.
3. What if I propose LLC ownership instead:
Primary residence
Jake- sure, but you will lose homestead exemption
Ben- I do not really care
Investment Property (w/ cash compensation i.e. rental)
Yes, yes
Cars
Only if legitimately used for business purpose