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I would like to know how to put my property - land, into a…

Customer Question
Hi. I would like...

Hi. I would like to know how to put my property - land, into a family trust in montana. Then should I put it into an LLC as I plan on renting the land out.

Lawyer's Assistant: What steps have you taken so far? Have you prepared or filed any paperwork?

I own the land outright. I have liability insurance and Ive read so much on the internet that I am totally confused.

Lawyer's Assistant: Have you talked to a MT lawyer about this?

No not yet. i live in washington state so i need to find one iguess

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

I will also be purchasing another lot which will have a mobile home lot. i do not own the mobile home i will only be renting the lot space to them

Submitted: 30 days ago.Category: Real Estate Law
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Answered in 31 minutes by:
3/23/2018
Real Estate Lawyer: Attyadvisor, Attorney replied 30 days ago
Attyadvisor
Attyadvisor, Attorney
Category: Real Estate Law
Satisfied Customers: 8,314
Experience: 30 years of experience in General Practice, Real Estate Law and Estate Law.
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Welcome and thank you for your question. I will be the professional that will be assisting you.

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Real Estate Lawyer: Attyadvisor, Attorney replied 30 days ago

If your goal is to protect the real property from creditors you would place the real property into an irrevocable trust. An LLC provides less protection. What is your goal?

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Customer reply replied 30 days ago
Make sure my family inherit properties. Protection from liabilities. Especially since a portion of land has rental mobile home on lt. legally rent a portion of property to my husband for his business
Real Estate Lawyer: Attyadvisor, Attorney replied 30 days ago

You want an irrevocable trust as that provides the best protection. Where in Montana are the properties located so I can provide a link for local Attorneys that provide FREE consultations in the area. They can go over the different type of trusts as well as their protections.

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Customer reply replied 30 days ago
Dillon Montana area
Real Estate Lawyer: Attyadvisor, Attorney replied 30 days ago

Perfect. Please give me a few moments to put information together for you. Thank you so much for your patience.

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Real Estate Lawyer: Attyadvisor, Attorney replied 30 days ago

I am finding a couple of Attorneys that provide FREE consultations http://lawyers.findlaw.com/lawyer/firm/trusts/dillon/montana

I will be providing additional information for you.

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Real Estate Lawyer: Attyadvisor, Attorney replied 30 days ago

This is a general overview on asset protection and the medicaid benefits of an irrevocable trust http://montanaestatelawyer.com/global_pictures/ElderCounselor_Volume_3__Issue_4.pdf

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Real Estate Lawyer: Attyadvisor, Attorney replied 30 days ago

The State Bar Association can refer reputable Attorneys in your area at http://www.montanabar.org/?page=AttorneyLRISInfo

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Real Estate Lawyer: Attyadvisor, Attorney replied 30 days ago

Please do not hesitate to ask me any additional questions that you may have with regard to this matter. It would be my pleasure to continue to assist you.

If you would be kind enough to rate my service positively so I will receive credit for my work from the site I would appreciate it. A positive rating will not impact your ability to obtain a refund.

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Can you see the rating scale on your end, 5 stars?

Thank you for your consideration.

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Real Estate Lawyer: Attyadvisor, Attorney replied 30 days ago

Please let me know if you have any additional questions for me.

The Attorneys do not receive credit for our work if the customer does not rate our service positively. Thank you for your consideration.

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Real Estate Lawyer: Attyadvisor, Attorney replied 26 days ago
Are you still online with me?
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