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,