Why is this listed in the estate planning section? Because oftentimes, when we prepare an estate plan, there is a non-owner occupied property involved, like a rental property, or an investment property, and the best way to own a rental is to deed it into a LLC or other entity, rather than keeping it in your personal name, to minimize your personal liability.

Creating at Operating Agreement for your entity is always a good idea when you have multiple members, but is not required in the state of Arizona.  We can draft an Operating Agreement for you when we form your entity.

Any non-owner occupied real estate you own should be titled an LLC or other entity, to protect your personal liability.  Protect your family from creditors, and from lawsuits, by setting up an LLC for your rentals or other income properties.