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Land Trusts for Privacy & Profit: Using the 'IllinoisType' Land Trust in Other States,Used
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This book explains the uses and benefits of 'Illinoistype' 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:PrivacyAvoiding ProbateAvoiding Ancillary AdministrationKeeping Liens and Judgments off the PropertyAvoiding LitigationEase of Control by Multiple OwnersEase of Transferability of InterestsEase of Changing Contingent BeneficiarySimplification of Making GiftsEase of ForeclosureSafer Lease/Option AgreementsKeeping Assessments LowerKeeping Sales Price SecretAvoiding Transfer TaxesLimiting LiabilityImproved Financial StatementEase of NegotiationAvoiding PartitionAvoiding Personal Problems of BeneficiariesHolding a Judges and Politicians PropertyEase of Property ManagementSaving Title Insurance PremiumsAvoiding Real Estate Brokerage LawsAvoiding Spouses Forced ShareBuying ForeclosuresAvoiding 'Seasoning' ProblemsAvoiding Tax Withholding
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