53 Reasons To Use A Land Trust
By: Randy Hughes, Mr. Land Trust
What Is A Land Trust?
Before enumerating the benefits of using a Land Trust it is important to understand
exactly what a Land Trust is and how it works. A Trust (of any kind) is merely pieces of
paper, albeit legal paper. There are many different kinds of Trusts but this publication
will deal only with the Illinois “Type” Land Trust.
In so many words, a Land Trust is a legal arrangement whereby title to a property is
held by a Trustee and all the benefits, rights, and powers of ownership are retained by
a person (or entity) called a Beneficiary. The rights and duties of these players are
spelled out in a duly notarized and signed document called the Trust Agreement.
Typically, the Trust Agreement is NOT recorded.
Only real property can be placed into a Land Trust, so all of your personal property
must be handled in some other way (i.e. a Personal Property Trust).
The following is a list of reasons to use an Illinois “Type” Land Trust:
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subject matter covered. It is offered with the understanding that neither the publisher nor the author
is engaged in rendering legal, accounting or other professional services. If legal advice or other
expert assistance is required, the services of a competent professional person should be retained.
…From the Declaration of Principle jointly adopted by committee of the American Bar association
and a committee of Publishers and Associations…
Every effort has been made to reflect current tax law and interpretations as of the date of publication
of this book. However, this is a dynamic field of endeavor in which new laws are enacted, old laws
precede case laws, Revenue Rulings, Treasury Policy and tax laws are constantly changing. Readers
are advised to proceed with caution before implementing the strategies contained herein and to
consult with appropriate professional advisors prior to committing time and financial resources as a
result of the material contained in this book or in the seminar from which it was obtained. It is for
instructional purposes only.
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Copyright 2014 Investment Seminars, LLC, Wyoming
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