Should you place your property into a Land Trust if it is already in an Elite Trust?
Lou’s advice: There is no need to put it in a land trust. The elite trust is the very best place your property could possibly be.
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How to Protect Your Deal from Someone Else Stealing it
Legally Pay ZERO Taxes on Your Real Estate Portfolio – simple structure worth thousands
Having Tenants Leave Your Property in Better Condition than When You Gave It to Them
Why Land and Personal Property Trusts are the Best Privacy and Asset Protection
Benefits of Trusts You Cannot Get With ANY Other Entity
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Scott Paton:
Can I place a property into a land trust if it’s already in the Elite Trust?
Lou Brown:
I would not. If the elite trust has purchased a property, then it should remain in that trust, it should. It is, in the very best place it could possibly be. If you think about a tank, right? A tank has got a lot of metal, right. All around on the bottom, top and sides. And a mortar goes off next to a tank, a big explosion. Huge explosion. And the tank goes like that, but it doesn’t blow up and you can’t get the mortar inside the thing. Think about your Elite Trust. Like it’s a tank and you can’t get the bomb inside the tank. You can’t get the mortar inside the tank. So, the safest place for your assets to be is the Elite Trust.
