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Land Trusts for Privacy & Profit: Using the ""Illinois-Type"" Land Trust in Other States - Softcover
Synopsis
This book explains the uses and benefits of "Illinois-type" land trusts. It explains in detail all the steps from setting up to closing down a trust and includes 29 different legal forms. These include deeds, a trust, amendments to the trust, financing forms, tax forms and many more. It has an appendix which includes relevant statutes and court cases from all 50 states.
Land trusts offer many benefits, such as keeping your real estate holdings private and avoiding probate. Here is a list of the benefits explained in the book:
Privacy
Avoiding Probate
Avoiding Ancillary Administration
Keeping Liens and Judgments off the Property
Avoiding Litigation
Ease of Control by Multiple Owners
Ease of Transferability of Interests
Ease of Changing Contingent Beneficiary
Simplification of Making Gifts
Ease of Foreclosure
Safer Lease/Option Agreements
Keeping Assessments Lower
Keeping Sales Price Secret
Avoiding Transfer Taxes
Limiting Liability
Improved Financial Statement
Ease of Negotiation
Avoiding Partition
Avoiding Personal Problems of Beneficiaries
Holding a Judge’s and Politicians’ Property
Ease of Property Management
Saving Title Insurance Premiums
Avoiding Real Estate Brokerage Laws
Avoiding Spouse’s Forced Share
Buying Foreclosures
Avoiding "Seasoning" Problems
Avoiding Tax Withholding
"synopsis" may belong to another edition of this title.
About the Author
Mark Warda has been an attorney for over 25 years and is the author of over 60 self-help law books. He is the pressident of Land Trust Service Corporation, a company which sets up Florida land trusts for clients.
"About this title" may belong to another edition of this title.
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Land Trusts for Privacy & Profit: Using the ""Illinois-Type"" Land Trust in Other States
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