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should I start llc due to medical bills Kentucky

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  • should I start llc due to medical bills Kentucky

    My name is scot a. my wife and I own a home outside Richmond Ky with a mortgage. She has been diagnosed with terminal cancer. My mother has died and left me some money and we bought a house also with a mortgage in Lexington Ky to be near her doctors. The underwriter refused to believe it was to be a second house due to proximity & we had to buy it as a commercial prop. Eventually medical bills will eat us alive. How can I protect our property & cash assets? Should I start an LLC and what kind? Can we transfer property (properties?) into an LLC? I intend to put the Richmond Ky home up for sale soon.

  • #2
    This is a question for a estate planner.

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