How To Hide Your Assets Inside LLCs And Trusts

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Clint Coons Esq. | Real Estate Asset Protection

Күн бұрын

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🕵️‍♂️ Are you interested in protecting your assets and maintaining anonymity in your real estate investments? In this comprehensive video, we're diving deep into the world of anonymity and asset protection strategies.
🏢 Join us as we explore different tools and entities, including limited liability companies (LLCs) and trusts, that can be utilized to create anonymity structures. Learn why these entities are essential components of any asset protection plan and how they can help mitigate your risk exposure in the event of legal challenges or creditor claims.
Tune in now to learn how to protect your assets and maintain anonymity in your real estate investments with expert guidance from Clint Coons, Esq.
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Show Notes:
0:00 Intro
1:15 Types of Anonymity Tools
3:24 LLC Structure
6:40 Anonymity For Your LLC
9:43 Outro
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#llc #landtrust #trusts #wyomingllc

Пікірлер: 48

@ClintCoons 2 ай бұрын

Have questions about this video? Sign up for a free consultation to get your questions answered by the professionals. aba.link/vnp

@thiago713 2 ай бұрын

More people need to hear this!!!

@lalgonultas 2 ай бұрын

After setting up my company and starting to make money, I will definitely seek regular support from you. Great videos.

@bz7403 2 ай бұрын

Clint, great video as always! For a CA resident-owned property in a CA LLC, the WY LLC is a member of the CA LLC, I believe the WY LLC needs to foreign file with the CA SOS as doing business in the state. Does that mean the anonymity shield is no longer there due to a statement of information collected by CA showing the WY member or manager's information?

@ClintCoons 2 ай бұрын

It does not have to file with the CA SOS. We set these up all the time and local CPAs tend to mess it up with the filing requirement because they want to file the franchise tax return on-line rather than submit a paper filing.

@kimberlindy 2 ай бұрын

@@ClintCoons why don't you have to do the foreign filing?

@bstancel12 3 ай бұрын

Wouldn't they still be able to see that person has a mortgage in one's name? You can transfer the Deed into a Trust, controlled by a LLC, but if someone was doing an asset search, couldn't someone doing an asset search on you still find out that you control that asset by looking at the mortgage with your name on it (assuming that you still owe money on it)?

@weylan8105 2 ай бұрын

You can get a mortgage through the LLC

@ClintCoons 2 ай бұрын

Yes someone could look at the lien recorded against the property and draw that conclusion. Most only look at title and not the liens.

@Viviko 3 ай бұрын

How does the Corporate Transpsrency Act affect this?

@2pat2008 3 ай бұрын

Search the decision of the court in Alabama. It was declared to be unconstitutional

@terellsimpson3112 3 ай бұрын

As of now, the CTA is only unconstitutional as applied to members of the NSBA as of March 1, 2024. (FinCEN’s position in its notice seems to imply that entities or persons that become members of the NSBA after the date of the March 1, 2024, ruling would be subject to the CTA.)

@Epictetus888 2 ай бұрын

Do LLC's work the same way around the world? or do they differ country to country? Your channel is invaluable! How google listens to conversations, funny how you were referred in my links. Cheers and Blessings

@ClintCoons 2 ай бұрын

They differ based on the country.

@shofarhagadol4698 3 ай бұрын

Clint, should your blue box WY LLC be setup as a holding company for all your red boxes?

@ClintCoons 3 ай бұрын

Yes

@kimfeliciano896 2 ай бұрын

Would this mean that because Anderson is listed as the owner of all assets that the blue and red boxes contain, that they have full control over them? Or is everything registered to the individual on Andersons books just not shown on the paperwork for the blue box registration?

@lientran1550 Ай бұрын

I was asking this myself too when watching the videos

@thomasklein1107 3 ай бұрын

Clint, but when you have to file taxes for blue box LLC, Tom would have to file it with his personal information such as Name and SSN, wouldnt that blow the anonymity?

@blipblop92 3 ай бұрын

Only the IRS knows, it isn't public info

@wompol7117 3 ай бұрын

i am interested in complex common law trusts

@All_Amin 2 ай бұрын

When obtaining the IRS EIN for that hypothetical North Dakota LLC, how would you input the information? Would you put the Wyoming LLC’s information or the owner/manager of the Wyoming LLC’s information?

@ClintCoons 2 ай бұрын

Yes could could do that

@H82Miss 3 ай бұрын

Clint, at 8:22 you state that you set up the WY LLC with "Tom as the manager and he's also the member." Doesn't this screw up the anonymity?

@ClintCoons 3 ай бұрын

No because this information is not on the public record

@H82Miss 3 ай бұрын

@@ClintCoons Thanks!

@olres77 3 ай бұрын

Can you hide beneficiary owners from brokerage firms account for trading stocks???

@ClintCoons 2 ай бұрын

You can set up your brokerage account in the name of a personal property trust then assign it to an LLC that has different beneficiaries.

@trindon9439 2 ай бұрын

I currently have a few LLCs in Texas. Using your suggestions in the video, Is it possible to still have anonymity if I do an amendment to the Texas LLCs and put the WY LLC as the owner? Or will my personal information will always be tied to those Texas LLCs?

@ClintCoons 2 ай бұрын

Your personal info will always be in the the entity chain.

@irajkasimi4272 2 ай бұрын

Where did the trust come into this?

@2Truth4Liberty 2 ай бұрын

Can the Seller record the deed? (wanting to ensure the Seller exits the Tax roll for the property) Can the Buyer prevent the Seller from recording the deed?

@ClintCoons 2 ай бұрын

The buyer should record to make sure title reflects the buyer and not the seller.

@MasterGlam 2 ай бұрын

If you (John Doe) are being sued and you are a member of XYZ, LLC can the assets of XYZ be garnished?

@ClintCoons 2 ай бұрын

To get the best answer tailored to your specific circumstances, I recommend scheduling a free consultation with my team. Visit: aba.link/vnp

@tntinvestments4465 2 ай бұрын

Hi Clint, should we create LLCs ?? there are some new laws requiring LLCs registering with FINCEN or maybe fined thousands $$ each year?

@ClintCoons 2 ай бұрын

Yes but this does not diminish your anonymity

@tntinvestments4465 2 ай бұрын

@@ClintCoons can you let us know how to have LLCs and still comply with FINCEN? what are the steps to do without being fined thousands of dollars?

@ClintCoons 2 ай бұрын

@@tntinvestments4465 All you need to do is file your BOI report with FINCEN

@tntinvestments4465 2 ай бұрын

@@ClintCoons can you do a video on BOI &necessary steps Clint ?

@johnqlunchbucket 2 ай бұрын

You are aware that the reason they're doing this is because it's a treasure hunt and the treasury has unlimited access to this record information.@ClintCoons

@jiminauburn5073 2 ай бұрын

What happens if you already own the property in your name and then you transfer it into the LLC. Seems like they could see old records that you used to own the property but now it was moved to an LLC. Wouldn't they just then assume that you moved it into an LLC to hide it?

@ClintCoons 2 ай бұрын

One could make that assumption if they searched title transfer. Could the person not equally assume you sold it to the LLC?

@jiminauburn5073 2 ай бұрын

@@ClintCoons Yeah, I guess they could. Might make them dig a little deeper if they see it is a Wy LLC. But probably a good reason to use the Wy LLC, because if they did dig deeper, with one from another state they would see your name. Signed up for one of your seminars. Looking forward to learning more about all this.