Episode #838 Without asset protection, your wealth is as good as gone. One slip and fall from a tenant, one angry ex-spouse, one jealous onlooker, and you could have your real estate relinquished and your bank accounts drained. And as the economy continues to get even more rocky, lawsuits that threaten your hard-earned nest egg are becoming more and more common. So, how do you build a legal fortress around your fortune? Brian T. Bradley, Esq., our go-to asset protection expert, is back on the show with news that could affect all real estate investors. A recent case surrounding LLCs (limited liability companies) has completely changed the landscape for investors, businesses, and anyone who operates within an LLC. Now, the LLC you so carefully set up could mean nothing if you eventually get sued. But there is something you can do about it. In this episode, Brian goes over the changes in this new LLC law, how you can start protecting your assets (even if you only have a couple of properties), how to NOT commit “accidental fraud,” and the rise of “Robin Hood” lawsuits you MUST protect yourself against. ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Grab David’s New Book, “Pillars of Wealth”: https://get.biggerpockets.com/5fbfac0b-e728-4076-a4e7-523387e33104-523395/ ~~~~ Hear Past Interviews with Brian: How to “Layer” Legal Protection So Lawsuits Won’t Touch Your Wealth: https://www.biggerpockets.com/blog/real-estate-595?utm_source=youtube&utm_medium=description&utm_campaign=none Don’t Lose Your Portfolio to Lawsuits! Here’s How to Protect Yourself: https://www.biggerpockets.com/blog/rookie-podcast-105-brian-bradley?utm_source=youtube&utm_medium=description&utm_campaign=none Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert: https://www.biggerpockets.com/blog/rookie-podcast-106-brian-bradley?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ 10 Landlord-Tenant Laws Every Landlord Should Know: https://www.biggerpockets.com/blog/landlord-tenant-laws?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Work with Brian (and Pick Up His New Book!): BiggerPockets: https://www.biggerpockets.com/users/brianesq?utm_source=youtube&utm_medium=description&utm_campaign=none Website: https://btblegal.com/ ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Rob (Robuilt): Instagram: https://www.instagram.com/robuilt/ TikTok: https://www.tiktok.com/@robuilto Twitter: https://www.twitter.com/robuiltchannel YouTube: https://www.youtube.com/c/Robuilt ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ @biggerpockets or https://www.instagram.com/biggerpockets/ Show notes at: https://www.biggerpockets.com/blog/real-estate-838?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 01:19 Quick Tip 01:58 LLC Laws Just Changed 10:07 "Piercing the Veil" 11:13 Impact to Investors 13:04 "Accidentally" Committing Fraud? 19:48 Divorce Fraud 23:18 Stay Away from S-Corps 25:38 How to Protect Your Assets 37:15 What the Wealthy Do 41:11 "Robin Hood" Lawsuits That Hurt YOU 44:02 Grab Brian's New Book!