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Land Trusts for Privacy & Profit: Using the "Illinois-type" Land Trust in Other State
Mark Warda
Paperback. Galt Pr 2009-01-07.
ISBN 9781888699081
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Publisher description
This book explains the uses and benefits of "Illinois-type" land trusts. It explains in detail all the steps from setting up to closing down a trust and includes 29 different legal forms. These include deeds, a trust, amendments to the trust, financing forms, tax forms and many more. It has an appendix which includes relevant statutes and court cases from all 50 states.
Land trusts offer many benefits, such as keeping your real estate holdings private and avoiding probate. Here is a list of the benefits explained in the book:
Privacy
Avoiding Probate
Avoiding Ancillary Administration
Keeping Liens and Judgments off the Property
Avoiding Litigation
Ease of Control by Multiple Owners
Ease of Transferability of Interests
Ease of Changing Contingent Beneficiary
Simplification of Making Gifts
Ease of Foreclosure
Safer Lease/Option Agreements
Keeping Assessments Lower
Keeping Sales Price Secret
Avoiding Transfer Taxes
Limiting Liability
Improved Financial Statement
Ease of Negotiation
Avoiding Partition
Avoiding Personal Problems of Beneficiaries
Holding a JudgeÂ's and PoliticiansÂ' Property
Ease of Property Management
Saving Title Insurance Premiums
Avoiding Real Estate Brokerage Laws
Avoiding SpouseÂ's Forced Share
Buying Foreclosures
Avoiding "Seasoning" Problems
Avoiding Tax Withholding
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Land Trusts for Privacy & Profit: Using the "Illinois-type" Land Trust in Other State
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