Collecting Keys - Real Estate Investing Podcast EP 243 - Protecting Your Wealth and Assets with Land Trusts with Joe Seagle
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Protecting Your Wealth and Assets with Land Trusts with Joe Seagle
Episode 243
“People should be sued for doing bad, not for doing well.” This motto from today's guest, land trust expert and attorney Joe Seagle, sets the tone for this episode’s deep dive into asset and wealth protection.
It’s an unfortunate reality that successful individuals often become targets for lawsuits, but land trusts can be a strategic tool in safeguarding assets. In this episode, Joe explains how land trusts can offer anonymity and protection for property owners, and what other options are available to real estate investors if land trusts aren’t supported by their state.
Joe also explores different asset protection strategies, providing insights on the risks and tax considerations of land trusts, the differences between land trusts and LLCs, and how to use each to protect your investments.
Tune in to learn about land trusts and if they’re the right way for you to protect your assets!
Topics discussed in this episode:
- Land trusts and the role of trustees
- The process of hiding assets
- Asset protection for joint property owners
- Land trusts versus other trusts
- Lending and land trusts
- Cons of land trusts
- How land trusts can help real estate investors
- The cost of setting up a land trust
- Tax complexities of land trusts
- Varying land trust state laws
Connect with Joe Seagle and learn more about services offered at MyLandTrustee here: https://mylandtrustee.com/
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