Yes, but it's been put on hold again. If your LLC holds any assets. That's what this is all about. Feds want to know who owns everything so they can confiscate it. This is a treasure hunt.
Ok, lots of people cover this on youtube and the information is good. Im wondering what you can do for vehicles, cars, boats, RV's, etc. to keep your name out of the record.
Problem arises when we need to have take loans or wyoming llc loans to someone. The deed of trust and realease of it have to be signed by the manager or a principal
Well, bank accounts are in the LLC name, utilities are in the tenant's name. I would also note that Utilities are not, to my knowledge, public record. I would also have the utility bills sent to a PO Box.
Please discuss prop 13 in California. I know a guy name Ed all he did was change the living trust and he lost his prop 13 three years later. He finally got it back after the lady at the county recorder or tax assessors office recognized him and they started talking about his mom who was a school teacher for 50 years she said I’ll fix it for you. Is there the potential to lose prop 13 if you transfer ownership to an invisible LLC?
Hey Toby, something new was filed yesterday in court concerning the Texas Top Cop Shop case, is it true that they vacated the stay of the preliminary injunction? Thanks!
How does the new BOI reporting requirement affect the privacy of the proposed setup? Wouldn't a federal law compel even WY LLC beneficiaries' to report their personal information, making it all moot? Thanks for the provided info, nevertheless! It's all very interesting and informative!
I apologize if I sound like I don't know what I'm talking about since I don't know. With a Wyoming LLC or Land Trust, when you get rental income from your properties, how can you yourself withdraw rental income without exposure to creditors or lawsuits tracing it back to you? And if you do get rental income, wouldn't you have to list that as 1099 income or W2 income and risk even more exposure and link to that Wyoming LLC or Land Trust?
I think you are confusing hiding your name in the trust/llc from people searching on the internet with your IRS filings, which arent public record. If someone releases your info from the IRS without consent, that is a felony.
@ I get that. But what I’m asking is that when you are being sued or during bankruptcy, they will ask you for all your bank statements. If your bank statements reflect your rental income coming in from your Wyoming LLC or Land Trust, wouldn’t that expose your or let’s say open the corporate veil of your anonymous Wyoming LLC? Or at the very least they will become more curious?
I really appreciate your efforts! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
A junk debt buyer sought me out AFTER he learned I owned property (public info). Then got a default judgment without serving me. Took $27k off the sale of my home. Put ur house in a trust or LLC. Shameful crooks and judge!😢
Can't others steal your property with all this obscurity? also, doesn't anyone who gets sued have to disclose all their beneficial interests in property even through entities?
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Stargedy
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Does the LLC you put the house in, needs to register with FinCEN?
UA-cam Academy Award For Best Comment.
Yes, but it's been put on hold again. If your LLC holds any assets. That's what this is all about. Feds want to know who owns everything so they can confiscate it. This is a treasure hunt.
Most likely. Review the BOI reporting requirements and exceptions on Fincen's site
How would you insure a house you've set up as owned by a trust?
Ok, lots of people cover this on youtube and the information is good.
Im wondering what you can do for vehicles, cars, boats, RV's, etc. to keep your name out of the record.
How the the new corporate transparency act FinCEC Beneficial ownership disclosure come in place with this strategy?
BOIs on Hold AGAIN - 5th Circuit Reverses Itself on 12/27/24
All of the boi info filed with fincen are only available to limited government purposes like law enforcement, none available to the public
Problem arises when we need to have take loans or wyoming llc loans to someone. The deed of trust and realease of it have to be signed by the manager or a principal
Thanks Toby, and Merry Christmas everyone!
Toby, in florida does the portability stay with you from the property we sold?
How do we set up utilities, bank accounts etc that require a name and a physical address?
Well, bank accounts are in the LLC name, utilities are in the tenant's name. I would also note that Utilities are not, to my knowledge, public record. I would also have the utility bills sent to a PO Box.
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@@GrandpasPlace thanks
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Please discuss prop 13 in California. I know a guy name Ed all he did was change the living trust and he lost his prop 13 three years later. He finally got it back after the lady at the county recorder or tax assessors office recognized him and they started talking about his mom who was a school teacher for 50 years she said I’ll fix it for you.
Is there the potential to lose prop 13 if you transfer ownership to an invisible LLC?
Hey Toby, something new was filed yesterday in court concerning the Texas Top Cop Shop case, is it true that they vacated the stay of the preliminary injunction? Thanks!
Love the info. Thx
So what if you have property managers for the properties
Couldn’t someone get your info from them !!!???
Quick question because I'm hearing conflicting information, should/could you do this with your primary business that isnt in real estate?
How does the new BOI reporting requirement affect the privacy of the proposed setup? Wouldn't a federal law compel even WY LLC beneficiaries' to report their personal information, making it all moot? Thanks for the provided info, nevertheless! It's all very interesting and informative!
UA-cam Academy Award For Best Comment.
Thank you so much for sharing your knowledge.
6:21 That's why people collect lotto winnings in LLCs. 😊
Can you do this with your birth sertificate and ssn
Does this protects your assets from Medicade as well?
Would this be valuable for lottery winners?
Step 1: win a lottery
Does this work if you have aging parent, hiding assets if they need to go into a nursing home?
So if your a sharp lawyer and find a Wyoming LLC ownership you realize you just hit 777 at the slots in Vegas😆
Thank you!
What if there is a mortgage on the house?
Not searchable if you guarantee a mortgage held by a Trust, unless the Trust links you.
What about signatures on Documents ?
I apologize if I sound like I don't know what I'm talking about since I don't know. With a Wyoming LLC or Land Trust, when you get rental income from your properties, how can you yourself withdraw rental income without exposure to creditors or lawsuits tracing it back to you? And if you do get rental income, wouldn't you have to list that as 1099 income or W2 income and risk even more exposure and link to that Wyoming LLC or Land Trust?
I think you are confusing hiding your name in the trust/llc from people searching on the internet with your IRS filings, which arent public record. If someone releases your info from the IRS without consent, that is a felony.
@ I get that. But what I’m asking is that when you are being sued or during bankruptcy, they will ask you for all your bank statements. If your bank statements reflect your rental income coming in from your Wyoming LLC or Land Trust, wouldn’t that expose your or let’s say open the corporate veil of your anonymous Wyoming LLC? Or at the very least they will become more curious?
Can a brokerage account be placed in a trust ???
(So it can be invisible ???)
when i file taxes, i have to name the properties which yield rent, right ? someone can get a hold of that ...
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I really appreciate your efforts! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
*Next video request*
Discuss private vs public trusts
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Do you have an office in Florida where we can obtain consultation?
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Thank you
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Good Christmas gift to start 2025 more tax efficient! 💪
How do you disappear in the face of BOIR.
It's so funny I haven't got a penny and I'm watching this
🙏🏼strategy
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A junk debt buyer sought me out AFTER he learned I owned property (public info). Then got a default judgment without serving me. Took $27k off the sale of my home. Put ur house in a trust or LLC. Shameful crooks and judge!😢
On what grounds did he randomly do this? Were you trying to sell your home?
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I hope all of these NFL/NBA players see this
Strategy.
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I need more information. Subscribe. Thanks. Happy Holidays. GOD bless us all.
😇😇🕊️🕊️
Bad advice to just form LLC and land trusts for your homestead, especially in Florida
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Miost celebrities and wealthy people have their properties in a trust.
Can't others steal your property with all this obscurity? also, doesn't anyone who gets sued have to disclose all their beneficial interests in property even through entities?
Why would they need to disclose that info?
Only if you lose and a judgement compels you to identify assets, which is not usual.
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Thank you!!!