Posted by js-Indianapolis on November 08, 2002 at 12:31:02:
Whoever has the deepest pockets. It’s the American way.
What if the Tenant-Buyer dies in the property? - Posted by Rob
Posted by Rob on November 08, 2002 at 11:57:11:
If I have a house under a sandwich L/O and the T/B dies in the pool or gets injured, who is liable?
Whenever you have Tenants… - Posted by JT-IN
Posted by JT-IN on November 08, 2002 at 17:53:43:
Including Tenant/Buyers… which are nothing more than “Tenants”, you are “At Risk”. To mitigate the risk you have insurance coverage, and lots of it… It is a relatively inexpensive form of asset protection, when you have lots of assets to protect. If you have few assets, then it is considered “expensive” by most.
There are other forms of business planning such as LLC’s, Corps and the anominity of Trusts, that can assist in asset planning/protection.
JT-IN