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Is a Land Trust Legal in Your State?
Just about every week I get a call or email from a student (or prospective student) asking me if it is LEGAL to form a Land Trust in their state? Oftentimes they have been told by their attorney, accountant, or title company that the use of a Land Trust in their...
Success Bullet Points to Start Your New Year
This post is exclusive to active Land Trust University students. The entire Planet is glad to see 2020 expire. Hopes for a better 2021 are high. When the vaccines work, we should see economic recovery and a return to some kind of a normal life. What does this have to...
Situs and Out-of-State Land Trusts
Why do I recommend to my students that they think about situs and out-of-state Land Trusts? In my Land Trusts Made Simple® home study course, I discuss the advantages of using an out-of-state trust to hold the title to the property in your state. Situs refers to the...
Tenancy-by-the-Entirety
In Illinois, Tenancy-by-the Entirety (TBE) is a form of holding title to real estate exclusive to a husband and wife. It can only be used on their personal residence. There is a Big Benefit to using TBE as a method of holding a title. Let me describe it this way. Your...
Checkbook Control and What I Learned
This post is exclusive to active Land Trust University students. The other day I was talking to my friend, Lee Hoffman, of Planned Giving Design Center, and said I was about to launch my course called The IRA Checkbook Control Trust: A Step-by-Step Guide. Lee’s site...
Why Celebrities (And Everyone Else) Need to Use Land Trusts
This post is exclusive to active Land Trust University students. Don Felder was known as “Fingers” when he played lead guitar in the band known as the Eagles. He is most famous for composing and playing the guitar music for the song, Hotel California. The...
Unlock the Door to Self Storage
by Stacy Rossetti This post is exclusive to active Land Trust University students. Editor's Note: This guest post is the second in a two-part series about self-storage. The first installment, How We've Gone on a Four-Month Family Vacation and Counting, was published...
Land Trust Recordkeeping
All you need to create a Land Trust are two documents. A Deed to Trustee and a Trust Agreement. The heart of a Land Trust is the Trust Agreement (TA). The Deed gets recorded, and you are the one who watches over the important Trust Agreement. It follows then, that you...
She Regretted Not Using a Land Trust
Last night I spoke to a group of real estate investors about the many benefits of using a Land Trust. After my speech, a lady came up to me and said she sure wished she had used a Land Trust to hold title to her personal residence. Of course, I asked, "Why?" She went...
Always Think Safety
Sometimes I am questioned as to why I do not want to own property in my personal name. Am I trying to do something illegal, immoral, or fattening? NO! I am just trying to protect my family’s assets from deadbeats and their contingency fee lawyers! Furthermore, I am...