Land Trusts

Is there anyone that is very well informed about Land Trusts? I hear this is a good way to protect your assets besides incorporating? Any help out there to tell me how to I put my properties in a Land Trust? :-?

Comments(2)

  • jeff1200228th December, 2004

    Land Trusts do what they were designed to do. Asset protection is not it.

    They do offer you a minimal level of anonymity, but no real asset protection.

    Jeff

  • ray_higdon28th December, 2004

    Land trusts are good for hiding ownership (the whole control don't own mantra) but if you end up in court, you would rather have an LLC than a land trust.

    AS for as how to, have a lawyer create a land trust agreement or get a sample out of Bronchick's or Warda's books, do a warranty deed or quit claim (depending on your state) into the land trust and be sure to have a trustee with a different last name than you.

    GL
    [addsig]

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