Jake Shumard

Jake Shumard

Real Estate Attorney

404-735-2131

Health Talents International provides healthcare to the people of Guatemala and trains the future of medicine in Guatemala. My wife is an RN at Children's Healthcare of Atlanta. We enjoy going to church, visiting Hiawassee, GA, and competing on Peloton.

Member

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

 

 

 

Referral Trigger Response

Baker & Summy, PC

Baker & Summy, PC

404-566-4535

6340 Sugarloaf Parkway
Suite 200
Duluth , GA 30097

Website

Company

Endorsement Letters I've Received

Brookhaven Team

Joined on 08/17/2022

Leadership

ParticipationCoOrdinator 10/29/2023
100% Club 09/19/2023

Team

Orientation Essentials 10/17/2022
InfoMinute Seminar 10/17/2022

Development