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Does a revocable living trust protect me from rental liability? | NC
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Q: Does a revocable living trust protect me from rental-property liability, or do I need an LLC for that? A: A revocable living trust is mainly an estate-planning tool. It helps you manage property during life and avoid probate later, but it is not designed to be a liability shield for rental-property claims. If something happens at the rental—like an injury claim or a lease dispute—a lawsuit…