insurance may NOT cover this 3M

来源: 于 2012-09-23 20:43:56 [旧帖] [给我悄悄话] 本文已被阅读：次

 

Basically, if their all rental prperties are under LLC, and your friend is a limited partner and his wife is a gernal partner, it is fine.

Also, please put their personal assets into some trust is what your frienl should do now.

It is more complicated and could not be explained here. 

I am not a lawyer and I give a link to you if your friend could get help from the legal service.