We’ve spoken at Lex Levinrad’s REIA group in Boca before. I have a specific question: Personally I have a significant IRS debt in ‘non collectible’ status, so any asset I will own will have a lien attached. I have an LLC for my Real Estate Brokerage firm. If I’m understanding your material correctly, I should be the beneficiary NOT the trustee. Would I make my LLC the trustee and place any property acquisitions in a separate land trust naming me as a beneficiary (and have ALL of the land trusts naming the LLC as the trustee)?
Scott, nice to hear from you again. Yes, you (or your LLC) should be the beneficiary of your land trust. Do not make your LLC the trustee of your own land trust. Put each property into its own separate trust, make your LLC the beneficiary and you could be the managing member of the LLC.
Mr. Land Trust