Do I need a separate trust for a rental property to reduce risk? | NC

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Q: Do I need a separate trust for the rental property to reduce risk to my other assets, or does that not change liability exposure? A: In most cases, putting a rental property into a revocable living trust does not reduce liability exposure the way people expect. If a tenant or guest is injured and sues over something tied to the rental property—like an unsafe condition—the claim is typically…