Is Your LLC Protected From Personal Liabilities You Have?

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As an estate planning attorney, we routinely deal with people's desires about how they leave their estate behind, and how to do it in the most efficient and streamlined manner.
But many of these same people want to discuss how their estate can be protected while they are alive, whether those protections are from taxes, nursing home expenses, or due to our litigious society, from lawsuits and judgments.
There is much discussion about how a limited liability company (LLC) member is not personally responsible for the debts of the LLC.
But there is not much discussion about whether a member's LLC interest is protected in the event that member has a personal liability.
In general, a creditor of a LLC member can get a charging order, which gives the creditor the right to receive payments from the LLC under limited circumstances.
For prospective law firm clients who want to schedule a free 15 minute initial phone call with Paul Rabalais, go to: go.oncehub.com/Paul8
This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.
Paul Rabalais
Estate Planning Attorney

[@Liveordiebyinches]

You need more play than u get for your time sir. This will blow up someday.

[@TranNguyen-pk6in]

Thank you!

[@cynthiahills469]

So, is it advantageous if you have a LLC to add other members to it, so as not to be the only member?

[@_SYDNA_]

If Peter is driving somewhere as part of doing business for the LLC and hit Susan could Susan reach past the LLC and take his house?

[@gregorylynncarawayttee8900]

Please explain Term PAYOR in the Estate Affidavit

[@dman10000000]

Thanks for the video...legally could you place another separate LLC as other member of a single member LLC?...or this other member have to be an individual person?...by the way I'm in SC

[@cnn.2509]

Will a LLC protect against a mechanics lien from a contractor?

[@allanhon7839]

What about husband n wife LLC?

[@isaiahresto9293]

A lot of worthless talking