Saturday, August 13, 2011

Changing the title of my Rental Property?

Right now I have a Single Family Residence that I use as a Rental Property. The home is in my Revocable Living Trust. I am going to form an LLC for the rental. Should I change the title to the house to the LLC or keep the Revocable Living Trust? I am trying to protect myself completely. I know I need to talk to my lender about changing the loan to the LLC and also home insurance to the LLC. But what about the title?? Thanks In Advance!

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