There are no guaranties when you are trying to achieve asset protection, however, placing an asset in a LLC is one way to create a possible hurdle for asset protection. One warning, in Florida a single member LLC does not give as much protection as a multi member LLC.
Another issue is that the transfer of title of the property to an LLC after closing the loan in your individual name could trigger the due on sale clause of the mortgage, and cause the loss of title insurance coverage. I am not sure what else you mean by "releasing myself from liabilities".
As for the cost, we typically charge $250 per deed plus transfer taxes and recording charges. Note that depending on how you are transferring title, and the structure of the LLC, you may have to pay full documentary stamp taxes on the transfer from your name to the LLC.
This is specific to Florida law and does not constitute legal advice as the facts presented are anonymous and incomplete. This is intended for general education only and does not create an attorney-client relationship. This should not be relied on and you must seek your own attorney client relationship.
Answered on Jun 22nd, 2012 at 6:15 PM