A real estate land trust is one of the two BEST types for real estate investors, from the many varieties of trusts.
A trust, in legal terms, is any arrangement in which one party holds property for another party’s benefit.
The property owner never gives up control of the real estate — but the trustee becomes the owner for legal purposes.
Taught in plain English, this course puts the power of the Land Trust in your hands. The Land Trust is also known as the Illinois or Illinois type Land Trust. It’s a type of Living Trust with one major distinction.
It actually converts an interest in real property into a personal property interest. The Land Trust will protect your privacy and ensure you avoid probate.
But another GREAT benefit is it can also protect your property from creditors.
A complete system with all of the forms you need to do your own. Studio produced audio, detailed Guidebooks and a forms disk.
Financial Privacy Must Be A Primary Goal
In today’s litigious society, financial privacy must be the primary goal for anyone who owns or invests in real estate. The first step to privacy should be to get your name off public records. Public records reveal who has what, when they got it, how much is borrowed against it, and many times, it can be determined how much was paid for the asset. Someone with an inquiring mind can visit the tax office and discover what the county has appraised the property for, the address they send the tax bill to, and whether you have paid your taxes.
There is NO Privacy Unless You Create It Yourself
Just about everything, anyone wants to know about your real estate ownership and investments is readily available at the courthouse. Worse yet, this information is now available through computer databases, for a fee. Some even show the value of every house on a street and who each of the owners is.
Why Does This Matter?
When someone wants to sue you, they typically approach an attorney first. The attorney’s first question is “How do I get paid?”, “Can the client pay me?” or “Does the other side have any assets to go after if I can get a judgment?” Now, with the days of automation, all the attorney has to do is access a database or contact a skip tracer, look up your name, and Voilà, there is all your real estate worth in front of his or her eyes.
Remove The Bullseye From Your Back
If the case has any validity at all, the attorney will be willing to accept it, often on a contingent fee basis. However, if your name was typed into the database and no assets showed up, it is VERY unlikely they will take a contingent fee case. So with a Land Trust, your name is off public records, you have created a scenario enjoyed by investors in stocks, bonds, mutual funds, certificates of deposit, municipals, bank accounts, etc. – the scenario of anonymity. It is no longer readily apparent what you own, so you don’t have a gigantic bullseye on your back.
Estate Planning & Asset Protection is a Multi-Step Process
It is overwhelming for most people, so what usually happens is that they do nothing. Too much to learn. Too many decisions to make. The truth is if you start with the front line, first- tep of creating a Land Trust for each property as it is purchased and place any existing real estate in those individual Land Trusts, your name is off public records, and probate is avoided on
these assets provided you have spelled out who gets what upon your death. What’s more, you can use Land Trust to facilitate easier purchase options on investment properties and once you place your real estate in trust you are quantum leaps ahead of 99.9% of the general population.
*A separate workbook, Volume II, complete with forms and examples is available which discusses Personal Property Trusts in depth. This is also an important step in your asset protection and estate planning strategy.
“Best Real Estate finance conference I’ve ever experienced. The single biggest ‘Aah-Ha’ moment I took away is that I will be able to use in my business is the importance and value of trusts.”
“This will definitely improve grow and enhance our Real Estate business. Trusts are the only protection your business needs.”
“I am ready for a life transformation because of the perfection and completeness of these systems. This business is the new me! I am so glad Lou explained how to use trusts to protect my assets.”
“Thank you Lou, for helping us to not only learn about Asset Protection, but more importantly, how to apply it.”
“This is the best event I attend. The single best ‘Aah-Haa’ I will be able to use in my business was the importance of Trusts and how does it works.”
“Lou is a person of vision and integrity. Before starting a business related to Real Estate, make sure you know trusts.”