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How to protect your real estate

They say that being rich means the more property you will be getting but on today the economy seems to shake up surprisingly that only means that your property is not safe. It is very important to protect your properties but the sad reality is there are so many people that misjudge their wealth and end up selling everything they’ve got just to get back that money. It is obvious that the most important property that you can have is your home and most of the title is named in the couple if married this makes the property vulnerable to the creditors. But what can you do to avoid this kind of thing to happen? The married couple should make the title of the home tenancy by the entity. Investment property is also one of the vulnerable things that creditors are eying on but there are things you can do in order to protect it. One example of it is having the title transferred into a limited liability company, it can protect your personal asset from a creditor’s claim against the company. A limited liability company’ operating agreement can also discourage and creditor’s collection attempt. Because of the things that are written in the contract that makes your asset protected by the company. This can leave the distributor nothing. The last thing is that no matter what strategy you use it is very important to implement this strategy as early as possible. Making it longer and when the time comes when claims arrive it will be too late. It is pretty perfect if you do this measure as soon as you buy that property or if you invest in something, there is no harm in doing this precautions, it may cause you some time and money but it is better than losing your properties.

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