Is a Land Trust Legal in Your State?

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...
Situs and Out-of-State Land Trusts

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

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

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...
Land Trust Recordkeeping

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

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,...