Any issues with transfering existing property owned in a personal name to a land trust?
What would happen to an existing Deed of Trust for the same property?
Also, with the purchase of your course, is phone consultation with yourself possibly for complex questions. Typing is not my speciality.
Thank you for sharing your experience with others.
There are over 3,300 county clerks offices in the USA…they all do things a little different…my experience has been that 99% of them WILL let you keep your homestead exemption after placing the property into a trust. But, to be safe, ask them first. Other than that, you do not need anyone’s “approval” to put your property into trust. Hope this helps you!
A newly first time home owner here. Will this make me lose out on Homestead exemption? I hate to lose this tax benefit if I do this.
It is easy to transfer title to property you own in your name now…into a land trust. All you need is the knowledge (my home study course) and the forms (also provided in my course.). The existing deed would remain of record but it would appear that you sold the property by filing the new Deed to Trustee. Yes, with your purchase of my course you will receive a FREE 3 month subscription in my Land Trust University (which gives you telephone and email access to me.
Mr. Land Trust