How An LLC Can Protect You And Your Estate

In the process of planning estates for individuals and couples, I often encounter situations where my clients need asset protection. In many cases, for example, my clients have multiple investments and they own rental properties. In these situations, the rental properties can be putting their other assets at risk.

Everyone's situation is different, but I often advise that my clients form a limited liability company (LLC) as a legal entity for the rental properties.

Why an LLC for business organization? An LLC can shield you from personal liability that arises from your rental property. For example, imagine that a person slips and falls on a slippery driveway at a rental property you own. The LLC is legally responsible and its assets could be reached in litigation. However, if you did not have your properties legally organized as an LLC, then you could be personally liable for damages that result from the mishap.

Plus, as part of an estate plan, the LLC can be structured so that it is owned by the trustee of a living trust.

I Focus On Estate Issues

At David A. Haffey, Esq. LLC, I focus on a narrow piece of the law, so I am well-versed in the intricacies of estate planning, including living trusts, irrevocable trusts, wills and powers of attorney.

When you meet with me, I will take the time that is needed to get to know you and your goals. Then I will craft a comprehensive plan that meets your needs.

A Trusted Member Of The Community

When you are dealing with issues like LLCs and estate planning, you want an attorney you can trust. For decades, members of the Dayton community have put their trust in me as an attorney and an individual. I am past president of the Rotary Club of Beavercreek and have been a member since 1993. I served for three years as the president of the Dayton Christian School. I am also a past president of the Greene County Bar Association.

How To Contact Me

Do you need an experienced lawyer you can trust for the legal organizing of your business? Contact my office, David A. Haffey, Esq. LLC, in Dayton, Ohio. Call 937-705-5241 or contact me online.