109: You Will Get Sued. Here’s How To Survive with Attorney Scott Smith

<p>No one wants to get sued, but if you plan to build a real estate empire, the question is not so much “if” but “when.” However, we here at BiggerPockets have your back, so today we are bringing on&nbsp;Scott Smith, an incredibly smart and funny asset protection attorney from the great state of Texas! Scott shares with us a variety of tools and tactics you can use in your real estate business to protect yourself from losing the wealth you are working so hard to create.</p><p>Be prepared to learn new tips you’ve probably never heard before regarding umbrella policies, building your real estate team,&nbsp;LLCs, trust funds and more. Don’t miss out on this information-packed episode!</p><p>In This Episode We Cover:</p><ul><li>Forming an LLC&nbsp;right off the bat</li><li>The ins and outs of&nbsp;Insurance vs. Assets</li><li>Ten things you need to know to&nbsp;protect your assets</li><li>What exactly an&nbsp;Umbrella Policy&nbsp;is and why it might not do what you think it will</li><li>Why you&nbsp;shouldn’t&nbsp;put all your properties under one name</li><li>What you should know about the&nbsp;Delaware Statutory Trust</li><li>Scott’s&nbsp;advanced strategies&nbsp;for real estate investors</li><li>Everything you need to know about&nbsp;LLCs vs. Trust Funds</li><li>Who you need as part of your&nbsp;team&nbsp;when investing</li><li>And SO much more.</li></ul><p>Links from the Show:</p><ul><li><a href="http://biggerpockets.com/webinar" target="_blank">BiggerPockets Webinar</a></li><li><a href="http://biggerpockets.com/calc" target="_blank">BiggerPockets Wholesaling Calculator</a></li><li><a href="mailto:trivia@biggerpockets.com" target="_blank">Trivia Email</a></li><li><a href="https://www.biggerpockets.com/files/user/brandonatbp/file/10-ways-to-protect-your-asset---biggerpockets-podcast-show-109" target="_blank">10 Ways to Protect Your Assets</a>&nbsp;— This document was prepared by Scott Smith to accompany this podcast presentation.</li><li><a href="https://www.biggerpockets.com/blog/2013/02/14/financial-pla