What Is A Land Trust And Why You Must Have It?

A land Trust is a variation of a living trust that actually converts an interest or ownership of a real estate property into a beneficiary or beneficiaries through a trustee.

In a land trust, there are three major players, grantor(s), trustee, and beneficiary(s). The grantor converts the ownership or interest of a real estate property under the land trust through a trustee. The trustee acts on behalf of the beneficiaries of the trust. The beneficiaries receive the interest or ownership of the subject property. But, the beneficiaries are the “invisible” owners of the property.

The grantor can also be one of the beneficiaries. As the grantor(s), you can name anyone to be your beneficiaries, which include yourself.

Why you must create land trusts for all of your properties?

There are many benefits to do so. Following are the major benefits to place your property(s) into a land trust(s):

1. Privacy

As the beneficiaries, your name and any other names on the list of beneficiaries are not on the public record. It is completely anonymous.  You are invisible to whoever individuals wanting to know what you own, how much you paid for, and how much you own.

2. Protection from creditors and predators

If there is an unforeseen accident, judgment or any lawsuit against you with an attachment to the properties you own, the properties under land trust are isolated from the lawsuit because attorneys will not know who owns the property(s).

3. No probate

A human being dies. But, a trust does not die. Therefore, you can avoid probate and all the ugly, costly, and painful things associated with the probate process.

After you read to here, you must understand why you should places all your properties under land trust. There is no excuse not to do so any more since now you have this important knowledge.

As regarding to how to setup a land trust, you should always ask your legal counsel create the land trust if you have never done that before. After that, I think you will be able to it yourself. I have done all my land trusts by myself now after the first one. I've also placed all my properties under land trusts.

You can order my eBook on Step By Step Guide of Using Land Trust To Protect Yourself for only $14.99 by clicking here. A free sample of land trust is included.

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