I’m in the process of closing a sale on a residential property in a Land trust, but a Title Co. is telling me they do not insure the title because Land Trust are not allowed here 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 and NRS 163.008.
Nevada requires an in-state Trustee AND a filing of the names of the beneficiaries (my recommendation …use a Personal Property Trust as the Beneficiary of your Nevada Land Trust).
Mr. Land Trust