In our most recent blog post we touched on several options for passing on your rental properties and real estate investments to your beneficiaries. In this post, we will look at additional factors to consider in your end-of-life planning as a real estate owner. At Phelps...
As a trial lawyer years back, I encountered dozens of horror stories from rental properties. While rental properties may have a place in your investment portfolio, they can be dangerous assets if not properly setup and managed. Phelps LaClair is located in Gilbert Arizona where...
Yes, a trust can own an LLC. In fact, placing your LLC in a trust is often a smart move. When you put your LLC in a trust, you can combine the protections that both entities offer. For example, an LLC will keep your personal assets...
If you own rental properties in Arizona, you may be wondering whether an LLC is something you really need. While LLCs aren’t mandatory for rental properties, they’re certainly a good idea. A Limited Liability Company (LLC) protects assets like real estate by making them into separate...
Owning rental property can be a great way to build wealth, but with the extra income comes added risk. From liability to taxes to what happens when you’re gone, it’s important to plan ahead so your investment can benefit you and your loved ones. Whether...