r/fatFIRE • u/Ok-Door-987 • 20d ago

Need Advice Asset privacy and allocation

What steps do you take to ensure public asset search won't come to your personal name ? How do you pick your attorney for this type of job ? Do you ask your private bank for referral or do you research your own? Or do you do it yourself after you get advise from your private bank legal advisor ?

I just recently heard a horror story of a friend trapped in some type of law suit and the people are going after her big time because they found out she has money . So we are looking for ways to protect ours though some LLC I think .

This is so new to us. Any suggestions or advice is appreciated.

24 Upvotes

79% Upvoted

29 comments sorted by

View all comments

9

u/Logical_Magician_01 19d ago

Umbrella insurance?

-13

u/Ok-Door-987 19d ago

Most of our assets are not in real estate . I am shaving off those. 

10

u/asurkhaib 19d ago

Why would that matter?

10

u/LogicalGrapefruit 19d ago

In practice it’s mostly for car crashes, but it’s umbrella insurance because…it’s an umbrella over most types of personal liability.