real estate: mastering land trusts

Mastering Land Trusts

AnthonyKovic.com/Land


The Land Trust Avoids Probate, and Saves Taxes


This is the primary reason I use the land trust simply because any property held in a land trust can be designated for transfer of ownership whenever you desire. Your spouse, children or other successors can avoid costly and time consuming probate proceedings and are able to sell or refinance the trust property without delay. Probates many times take years to settle. With a land trust your heirs can immediately sell the trust property and once sold avoid having to make any further payments on the property they inherit but don’t wish to keep. The Land Trust is Not and Should NEVER be used to avoid paying Taxes owed to the IRS or anyone else by any Beneficiary. That is not the purpose. We do not use the land trust to avoid paying the required taxes we owe we use the land trust to pay the least amount of taxes we are legally required to pay.


The Land Trust Provides Privacy


Privacy is so important in today’s world of identity theft and lawsuit happy people. Because, the legal ownership of all real estate is listed in the county Recorder’s office in all counties your personal information is available to anyone who wants it. Using the land trust will allow you to keep your real estate ownership information private.


The Land Trust v. LLC’s and Corporations


Many advisors and attorney’s tell real estate owners to hold title to their properties in LLC’s or corporations. This may provide some asset protection, but it also has some draw backs. I believe that the absolute best way to hold title to real estate is with a combination of the land trust and an LLC. This means you get all the advantage of both forms. Privacy on the land trust side and asset protection on the LLC side.

Let me ask you some questions to help you decide for yourself if you need to put your properties into separate land trusts or leave things the way they are.


Do you want to make sure that your heirs can pass title to your properties without being tied up in probate for years?



Do you want to protect your property from liens and judgments that may have nothing to do with you, such as those from business partners, ex-spouses or other family members?



Do you want your investment properties to be isolated from lawsuits that may arise out of your actions not related to the property, such as an auto accident or other business situation for which you are unjustly sued?



Do you want to keep liens or judgments related to your property, that you dispute, or are not responsible for from being reported to your personal credit report?



Do you want to have the privacy from the entire world knowing your business through public records regarding your real estate?



Do you want to keep city inspectors or other governmental or private employees from knowing where all of the properties you own are, and possibly linking a problem in one to all the others?



Do you want your investment properties to be isolated from lawsuits that may arise out of your actions not related to the property, such as an auto accident or other business situation for which you are unjustly sued? ?



Do you want to keep city inspectors or other governmental or private employees from knowing where all of the properties you own are, and possibly linking a problem in one to all the others?



Do you want to minimize your risk of being a target of an overzealous lawyer and their unscrupulous trip and fall clients simply because they know that you own real estate?



Learn How to Quickly Protect Yourself, Your Family, Property and Credit

•Learn how Land Trusts can be your real estate safety net and security blanket.

•You’ve now heard about land trusts, and now there is an easy and inexpensive way to place your real estate assets, whether they are properties you already own or ones you are about to buy using a simple property holding trust.

www.AnthonyKovic.com/Land

real estate: mastering land trusts

Real Estate