You can protect some property from creditors and claimants in a lawsuit by placing it in a trust or a limited liability company. Each of these entities may protect your private property, but neither ...

Trusts and limited liability companies (LLCs) are both legal vehicles that can be used to protect assets. Both are also created at the state level but they have different features and different uses.

A risk exists when you own an asset, such as investment real estate or an airplane. Someone might slip and fall on your property and sue you, or the airplane might be involved in an accident. To ...