Hello,
I recently joined this group and I find the people and answers very informative. So, hopefully, someone will know the answer to this question.
I have been researching which is the easiest, most economical method to title a new residential house (no mortgage required)and car for when my husband and I move to WA in about 6 months. I’ve been receiving conflicting information which is making the decision difficult. The Trust or LLC would only be to hold title to property; not earn income. My top priority is privacy from public records due to a stalking incident
The Trust lawyers that I communicate with do not want to talk about Land Trusts. He/She only wants to form a Living Trust which costs thousands of dollars and is more concerned with estate planning than privacy.
So I am now looking at forming an LLC. However, I would form the LLC in New Mexico due to its favorable LLC laws and I’ve been told that I can title a WA house and car under a NM LLC. I agree with hiring an attorney for the first formation but I’m having trouble finding one. Does anyone know of one or a reputable company to set up the NM LLC? And one that has a decent draft of an Operating Agreement that I can add on to?
Also, to assure further privacy, we don’t plan to be the LLC Managers.
And, from reading other posts, some of you don’t think a family member or friend as the Manager is a good idea. So what are some other options?
Thank you for your help.
Samantha