I am in desperate need of advice and am willing to pay for an answer – I have a land trust set up with a few properties, and I have another property closing soon, and I am thinking about getting rid of my land trust altogether even though I’ve already paid to set it up.
The reason is because I have insurance on the properties, but the named insured is the land trust, and I don’t see how I would ever go about cashing a check without my name on it. My bank said it’s impossible to cash unless I have a trust bank account.
So my question is – how do people go about cashing a check made out to their land trust?
Thank you so much,
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 can get a FREE 3 month membership at my website: www.landtrustsmadesimple.com
Mr. Land Trust