Is Your LLC Protected From Personal Liabilities You Have?

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Rabalais Estate Planning, LLC
Published at : 02 Dec 2020
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As an estate planning attorney, we routinely deal with people's desires about how they leave their estate behind, and how to do it in the most efficient and streamlined manner.

But many of these same people want to discuss how their estate can be protected while they are alive, whether those protections are from taxes, nursing home expenses, or due to our litigious society, from lawsuits and judgments.

There is much discussion about how a limited liability company (LLC) member is not personally responsible for the debts of the LLC.

But there is not much discussion about whether a member's LLC interest is protected in the event that member has a personal liability.

In general, a creditor of a LLC member can get a charging order, which gives the creditor the right to receive payments from the LLC under limited circumstances.

For prospective law firm clients who want to schedule a free 15 minute initial phone call with Paul Rabalais, go to: https://go.oncehub.com/Paul8

This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.

Paul Rabalais
Louisiana Estate Planning Attorney
www.RabalaisEstatePlanning.com
Phone: (225) 329-2450
Is LLC Protected From Personal Liabilities?Is LLC Protected From JudgmentsWhat is Charging Order

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