595: How to “Layer” Legal Protection So Lawsuits Won’t Touch Your Wealth w/Brian T. Bradley, Esq.

<p>Most investors assume <a href="https://www.biggerpockets.com/blog/purchasing-property-llc-why-how" rel="noopener noreferrer" target="_blank"><strong>LLCs for rental properties</strong></a> are the way to go in terms of <strong>asset protection</strong>. From a novice’s point of view, LLCs seem to provide everything you would need?—anonymity, simple tax filing statuses, and<strong> legal protection</strong>. But, an LLC in reality isn’t as airtight as most real estate investors think. And the worst time to learn about the limitations of an LLC is <strong>during a lawsuit, where your wealth (and sanity) is at risk</strong>.</p><p>To stop you from guessing when it comes to <a href="https://www.biggerpockets.com/blog/anonymity-asset-protection-dummies-avoid-law-suits" rel="noopener noreferrer" target="_blank">asset protection</a>, we’ve brought on our go-to expert and heavy hitter asset protection lawyer, <a href="https://btblegal.com/" rel="noopener noreferrer" target="_blank"><strong>Brian T. Bradley, Esq</strong></a><strong>.</strong> Not only is Brian well versed in the realm of asset protection, but he’s also helped numerous clients protect their real estate wealth, making him the perfect person to ask about <strong>LLCs, limited partnerships, trusts</strong>, and more.</p><p>Brian walks through the <strong>different types of legal “layering” </strong>that real estate investors can set up to protect themselves from <strong>lawsuits and angry creditors</strong>. He defines exactly how each type of real estate investor should set up their assets as their <a href="https://www.biggerpockets.com/glossary/net-worth" rel="noopener noreferrer" target="_blank">net worth</a> expands, and <strong>what to do BEFORE you get served with a lawsuit</strong>. While Brian may not know your personal situation, he does speak with years of experience serving high-net-worth investor clients and can relay their mistakes (so you don’t make them too).</p><p><strong>In This Episode We Cover:</strong></p><p><strong>What is ass