Land trusts are the ideal tool for real estate investors looking for maximum privacy. As a standalone tool, land trusts offer little to no asset protection benefits but when combined with a properly structured LLC, land trusts can become the perfect tool for privacy and asset protection at a very reasonable cost
How Can Land Trusts Help Protect Your Assets?
A land trust is a real property title-holding vehicle, a trust agreement under which the beneficiary directs the trustee in all matters affecting title to the trust property. The beneficiary also holds the trustee free from liability.
The trustee usually prepares the deeds and assignments of beneficial interests, whereas the managing beneficiary usually prepares the leases, loan documents and instruments, and other papers for trustee review and signature. In all cases, the beneficiary remains liable for trust property operations.
This type of trust agreement is not recorded, and the deed conveying the property to the trust does not identify the parties involved. The ownership of the property simply assigns the beneficial interest under the trust.
The interests of the beneficiary are considered personal property, similar to owning stock in a corporation. This is important in avoiding probate of out-of-state property and in asset-protection planning.
What makes Land Trusts a powerful tool?
A land trust also provides a convenient means of mortgaging and selling a trust property without having to obtain deeds from all of the beneficiaries and their spouses.
Land Trusts are powerful and effective tools for such passionate real estate investors. A Land Trust is a revocable trust that is primarily used for holding titles to real estate. Every property is entitled in a unique trust thus imparting maximum protection as well as privacy to the investors.
With methodical planning and inherent business acumen, Global Wealth Protection has developed international expertise that serves its clients for management of integrated and Domestic asset protection. This service renders comprehensive benefits to its domestic as well as international client-base.
Why Global Wealth Protection?
Global Wealth Protection, through its effective asset protection solutions, strives to understand their client’s financial portfolio and then offer subjective solutions to their every problem. Our IAPT services include:
Global Wealth Protection handles asset protection and enables wealth preservation in the most suitable way. Apart from offering subjective and customized financial solutions, we also save your wealth from internal attacks from lawyers, middlemen, mediators, liaison officer, attorneys etc. We work very hard to preserve our clients’ asset, their hard earned money.
So, what are you waiting for? Let us help you establish your IAPT today.
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