Posted by Dean in NC on May 10, 2007 at 10:18:18:
If you people would get off your high horse and look at the original question, I was merely asking about this more for possible tax advantages, and not so much about asset protection. Also as someone else who had a kinder response has said, for privacy. I am not paranoid, just greedy. I love these boards and get a lot out of them from everyone’s experience. I appreciate what Jimmy has said in his follow up and respect his opinion based on his obvious experience. I am not afraid of being sued as I am married to an attorney and know many who’s gig is not to ruffle feathers or act like a jerk. I do feel that chastising someone who is less experienced is a bit pretentious and arrogant. These types of responses will surely prevent a lot of people with far less experience than mine from posting. Maybe there should be an advanced guru only board where you have to have your schedule E approved before you may enrich the boards with your wisdom. I thought this whole thing was set up for people to exchange ideas, advise, and experiences and not just to pontificate.