Randy Hughes | Reputations

Posted an answer
How old are these courses?

Ed, sorry about that. Not sure what the problem is but so you can get started right away...please call me and i will process your order personally. my number is 217-355-1281 thanks! Mr. Land Trust

September 2, 2019 5
Posted an answer
How old are these courses?

I am constantly updating my materials and you will have access to any and all updates in my Land Trust University of which you will receive a FREE 3 month trial upon your purchase. Please call me if you...

September 2, 2019 5
Posted an answer
MR LAND TRUST ELITE PACKAGE,

Glenn, yes my Elite package comes with access to all my videos and audios to help you understand the material. PLUS, you can always call me with any questions...i answer my phone! Who does THAT anymore?...

August 30, 2019 5
Posted an answer
Can 1031 Transaction be done as Land Trust?

Syed, yes you can do a 1031 exchange using a land trust. You can exchange from Trustee to Trustee or Beneficiary to Beneficiary. Mr. Land Trust

August 22, 2019 5
Posted an answer
land trust in Michigan

It is true that Michigan has difficult land trust laws. That is especially true if you are forming a Michigan trust. However, you could form a trust in a more "land trust friendly" environment and use...

August 5, 2019 5
Posted an answer
Using a Land Trust as a Lease Option alternative

I would use a land trust no matter how you structured the deal. It would protect the title from adverse legal action against both parties. Also, if you record the option agreement, it will be a cloud on...

August 5, 2019 5
Posted an answer
Can I have my single member CA LLC as a trustee to my CA land trust?

RoseAnn, You can do that but i wouldn't. I teach my students to use individuals as trustees for many reasons too numerous to explain here. Regarding your second question, it depends on if you are setting...

July 22, 2019 5
Posted an answer
Where can I find the list of recommended registered agents for Wyoming and Nevada

Krystal, Thank you for buying my Basic and Advanced home study courses. You now have in your hands information that 99% of our population does not possess (including attorneys). Regarding your question....

July 13, 2019 5
Posted an answer
Urgent & Time Sensitive: How do I cash a check made out to my land trust?

Jane, it can be difficult sometimes but there are ways do deal with this frustrating issue. The answer is more than i can explain in this. I provide all of the answers thru my Land Trust University. You...

June 28, 2019 5
Posted an answer
Where is a land trust doing business?

Jim, first the Trustee could sign the lease but i would not suggest you do that. I like to use individuals (as apposed to entities) as Trustees. Consequently, I do not want them involved in the management...

June 27, 2019 5
Posted an answer
Does a Maryland Statutory Trust preclude the use of Land Trusts?

I would suggest that your attorney seek information from IRS.gov. He will find that these are Grantor Revocable Trusts. These are not like other types of trusts that require registration, a tax return...

June 20, 2019 5
Posted an answer
Is a Land Trust a Real Estate Investment Trust (REIT)

Jim, no, a land trust is NOT a REIT....have him consult IRS.gov for confirmation that these trusts are Grantor Revocable Trusts and do not fall under the category of REIT's Mr. Land Trust

June 18, 2019 5
Posted an answer
Selling interest in a LT property held as tenants-in-common

Please see my answers below: I jointly own a property as tenants-in-common, and plan to put my share in a LT.  At the time of sale, does this complicate matters with the title co. DO YOU MEAN YOU ARE...

June 13, 2019 5
Posted an answer
are Land Trust legal in Nevada?

They are wrong. Here is the law: Nevada does not have a specific Land Trust Statute. However, a trust can be created for any purpose that is not illegal or against public policy. See NRS 163.002-163.004...

June 12, 2019 5
Posted an answer
MD allows entity trustees, so can I use my WY LLC?

The short answer is YES. However, i would not suggest using your own LLC as your own land trust trustee. It is much easier to use an individual that cannot be "served" easily and only needs to get their...

June 12, 2019 5
Posted an answer
Where is the “domicile of your trust”?

Jim, Does the domicile of the trust, and therefore the laws that govern the trust, change if the trustee moves or is replaced? Yes, however, the law governing the trust will be according to the statute...

June 12, 2019 5
Posted an answer
Assessor says the Land Trust must be notarized??

Lloyd, Land Trust agreements are contracts and contracts do not have to be notarized to be legal in most states. However, some states do require TA's to be notarized and even witnessed. You did not say...

June 12, 2019 5
Posted an answer
Land trust insurance

Dear "Help", Yes, the Trustee and the Trust should be shown as the Named Insured. I have a whole chapter in my home study course on How to Insure Property held in a land trust. Please consider getting...

June 12, 2019 5
Posted an answer
Difference between download and digital versions?

Hi Jim, thank you for your interest in my Land Trust courses. The digital courses come with DVD's and CD's of me teaching the course materials to a live audience. If you buy a digital course i will mail...

June 9, 2019 5
Posted an answer
Land Trust/Trustee

Hi, thanks for the kind words about my home study course. I am a little confused by your question. Yes, Florida puts the name of the Trustee on the deed but your name should not be on the deed and therefore...

June 9, 2019 5
Load More