Dos and don'ts of holding home's title in LLC

DEAR BENNY: I own several single-family rental homes .In talking to advisors, one says I should put the houses into LLCs for liability protection. Another said, don't bother. If you get sued, your liability protection on your homeowners policy plus your umbrella policy will cover you. Obviously, the latter provides only attorney and possible judgment costs, but does the LLC really keep you from being sued, or protect you if you are sued, so that you would not need to use the umbrella policy? --Bruce

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