It is worth repeating...
Forming an LLC is a good business and personal practice if you own rental property. It can be also be incorporated into your estate plan. A good estate planning attorney will address this aspect as they review your holdings and look for ways to protect you and your loved ones.
Of course, estate planning is not asset protection and vice versa.
Read TLD attorney Brooke Pollard's excellent post on LLCs here on our General Counsel blog. Also, here is a link to the Secretary of State's Business Portal on LLCs. Hiring an attorney to prepare your LLC is more than just filling out forms -- we also assist with preparing the LLC operating agreement among the LLC members and help you with a myriad of issues related to its formation.
________
Estate
Planning, Probate and Trusts involve complex areas of law. Individual
circumstances must be considered before any advice can be given. The
general information above is not to be construed as legal advice, which
can only be given after consideration of the unique facts of each
matter. Please seek the advice or counsel of your attorney, financial
advisor or CPA as it may be appropriate.

Here's an article discussing the tax advantages of LLCs over S corporations:
http://llcoperatingagreement.blogspot.com/2008/05/tax-advantages-of-llcs.html
Perhaps you could elaborate on why LLCs are a preferred over S corporations for estate planning purposes--i.e., "qualified subchapter S trust" (QSST) rules.
Posted by: Joe | May 16, 2008 at 05:11 AM
hey great article......nice info you provided.....This is a good blog the writer makes several great points....I enjoyed to be here because one of my point has been cleared here.....the posts are also great....
Posted by: Tax Liens | June 27, 2008 at 01:23 AM
This is a very nice and good post. You provided very good information and putting the light on very good points. I have enjoyed reading the post. Thanks for the sharing.
Posted by: Secure home inventory | January 12, 2009 at 03:37 AM
well bussines for rental property
Posted by: property Turkey | April 22, 2009 at 04:05 AM
I am very glad to see these lovely and beautiful detail.
Posted by: Rania | June 04, 2009 at 08:01 AM
I would like to to argue that a trustworthy essays online service seems a good assistant on the way of essay thesis writing. Therefore, people can utilize it every time they want buy essay writing.
Posted by: pJAmy | February 11, 2010 at 08:43 PM