Bonnie Galam

Bonnie Galam, a real estate attorney and educator, joins the discussion on asset protection for investors. She clarifies the crucial differences between LLCs, trusts, and insurance, emphasizing that proactive planning is key. Bonnie shares three actionable steps rookies can take right away, highlights the risks of equity partnerships, and explains how personal life events can jeopardize investments. Learn why having an estate plan and understanding local legal nuances are essential for safeguarding your portfolio without overspending.

In this engaging discussion, real estate attorney Bonnie Galam, who specializes in asset protection and estate planning, dives into the crucial topic of safeguarding investments. She reveals the two sides of asset protection, emphasizing proactive measures over reactive ones. Bonnie addresses whether LLCs are necessary for rentals and explains the importance of tailored insurance coverage. Listeners will gain insights on estate planning, the risks of equity partnerships, and how personal events can jeopardize properties, all while learning actionable steps for securing their portfolios.