My biggest asset is my home. My equity way exceeds what the California Homestead laws allow. California is a very litiguous state, which is a major concern for a Realtor. What can I do to protect my home? Should I incorporate? (I am not a broker, my license is with a broker). Is an LLC or LLE the way to go? I realize there’s an $800 a year fee in California for a corporation, but it would be worth it for the asset protection, or is there another way to go?
Have you considered putting it into a trust?