I was fortunate enough this Christmas to have the family cabin and hunting grounds given to me and my siblings as a present, due to my parents wanting to pass on the tradition and down size so they can focus their efforts on creating their retirement home. My two other siblings are in agreement that we all want to keep the property, and we had discussed possibly doing an LLC. God forbid someday one of us falls on hard enough times that our assets would be gone after, but we just want to be prepared for the worst. I was wondering if any of you are familiar with this and if it would be a good route to go or not? My initial look into an LLC in wi came up with info that said even if it was in an LLC it doesn't necessarily prevent a creditor from acquiring the members ownership in an LLC. Not sure if this is the case though, as I think it varies from state to state. Any insight would be appreciated.