From: GJG@SteelVest.com (SteelVest)
Newsgroups: misc.invest.real-estate
Subject: Re: Form LLC company for rental home investment?
Date: 19 Aug 2003 19:22:18 -0700

eaglesource@aol.com (EAGLE SOURCE) wrote in message news:<20030819130941.21118.00000192@mb-m13.aol.com>...
> It`s a great idea to create a trust that will hold and actually purchase the
> property.  You`ll want to position yourself as the beneficiary, and you`ll want
> to have someone you trust impeccably as the trustee.  This keeps your name out
> of public records.  The forms you will use in selecting and securing the
> trustee need to have the verbage that indicates no disclosure of who you are to
> anyone, except by court order.  You can change trustee`s at any time, and you
> must also state in the trust agreement that the trustee is being paid, either
> in monies or it can be for consideration of whatever a value might be ie: for
> services etc. that you`ll exchange for the trustee`s participation.  If you
> need additional help I`m available.  The best paperwork for this trust creation
> can be bought from a couple good guru`s.  Ron Legrand or Les Brown.
> Good Luck .........

This will NOT work.  Any creditor who finds this asset (and a
deposition in aid of execution would require that it be disclosed)
could attach and execute upon it.

What you are proposing is a sham and easy to attack and defeat. 
Wealthy One must worry (and plan for) attacks against the property,
the LLC, and the owner(s) of the LLC.

There ARE ways to protect your assets and a good lawyer could help do
this.

All the Best!

GJG@SteelVest.com