For Fischer, the most fundamental reason to move real estate into an LLC or trust has nothing to do with taxes or public records. The trigger, in this case, was a public records disclosure. New York City's pied-à-terre tax was designed to extract money from second-home owners wealthy enough not to live in the city full-time. Discussing homeowners who could get caught up in the pied-à-terre property list, he said there is a case to be made for even mom-and-pop homeowners. That way privacy on property records doesn't require restructuring an entire estate plan every time the law changes.