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The 'LAND TRUST' is known in some states as the 'Illinios Land
Trust' The object of the game is Financial & Real Estate
Privacy. Here's how it works.
It is best established before the Client's name is ever on
Title.
Client establishes the Land Trust with a trustee who has a
different last name. Perhaps a married sister or best friend.
The trustee has no power whatsoever except to sign deeds when
the Client wishes to transfer the property to the next owner.
The Client's name will NOT appear on the public record at the
County Recorder. That is how privacy is established. However,
the Client retains all the Tax Benefits - such as Mortgage
Interest, the Depreciation Deduction on Rental Property, etc.
This is because the Land Trust is a 'grantor' trust for tax
purposes. The trust can be used on several properties and in
addition can assign all the beneficial interest right's to a
single Limited liability Company thus creating a powerful real
estate business structure.
If the Trust is established as to Property on which the client's
name is already on title, the Privacy benefits are severely
diminished since the Client's name is already in the "chain of
title". Therefore, establish this Trust to own the
property before closing on the Property. For more information on
Land Trusts please feel free to contact us.
Contact us for your free
Personalized Real Estate Protection Strategy and
free One (1) Year Membership!
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Land Trust 