Scott Smith is the owner of Royal Legal Solutions, an asset protection company for real estate investors which develops strategies to maximize tax savings and protect from lawsuits. He himself is a real estate investor who holds real estate investments in 10 states. He believes that if a person is building a real estate empire, he is bound to get sued and being one step ahead is the wisest way to protect his assets.

During the episode, Scott explains the 6 keys that would help property owners protect their assets from devastating lawsuits. In the real estate world, getting sued is a common thing and a very expensive one. He explains the foundation of asset protection and several ideas that go with it. Listen in and find out why real estate investors need professional asset protection.

Where we are:

Johnny - Ukraine

Sam - Florida

Links:

Royallegalsolutions.com

Time Stamps:

07:57 – His journey to Real Estate Investing
12:28 – The foundation for protecting assets
17:45 – Lawsuits from accidents
20:21 – The truth about Insurance Companies
22:10 – Getting started with Asset Protection
23:37 – Series LLC
28:43 – Insurance and other asset protection
31:17 – Recommendations for what insurance to choose
32:51 – Umbrella Policy
33:33 – Separation of the asset with your personal name
34:37 – Compartmentalization of Assets
37:43 – The Unanimity Structure
40:20 – What do Royal Legal Solutions do?

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96: 6 Keys to Protecting your Properties from Lawsuits with Scott Smith 01:03:42 Share

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Shownotes Transcript

96: 6 Keys to Protecting your Properties from Lawsuits with Scott Smith