What is a Land Trust?
Land trust is a title holding trust.
It is revocable or changeable.
There is a grantor, a beneficiary, and a trustee.
The benefits of a land trust are:
Land Trusts can offer the following benefits:
- keep things private,
- avoid probate court,
- keep the purchase price secret,
- keep the sales price secret,
- avoiding a due on sale clause being called by the bank,
- avoiding litigation people suing you,
- keeping your taxes lower,
- ease of property management,
- ease of negotiation of the deal,
- ease of changing beneficiaries,
- being able to keep liens off the property,
- ease of transferability of beneficial interest,
- simplify gifting,
- limiting liability,
- managing multiple owners,
- avoiding partners problems,
- better financial statement on your financial statement,
- safer lease-with-options,
- avoiding partition,
- saving on title insurance
- and much more.
