5 Land Trust Rules Explained In Detail
Published 2023-02-09
Clint has years of experience investing in real estate and has come to understand the importance of utilizing land trusts in his portfolio.
"If you want to get your name off titled real estate, this tool is phenomenal." 1:55
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A land trust can be defined as a legal entity that owns the land and holds it in a trust for the benefit of a beneficiary. It can also be defined as a legal entity that owns the land and holds it in a trust for the benefit of a beneficiary.
Land trusts are a great way to ensure that the land you have access to is protected and preserved. They are also great for keeping people out of your business, which is a very important aspect of being a real estate investor. If you want to know what those rules are, keep watching.
We appreciate all of you taking the time to listen to us go over these rules and we sincerely hope that you were able to take away from our lecture.
Please be sure to like this video, reach out to us in the comment below, and subscribe to the channel for more great content.
Show Notes:
0:00 Intro
0:30 What is a Land Trust?
2:45 Benefits of Land Trusts
4:24 Sale Clause
5:30 How does a Land Trust Work?
7:53 Who can be part of a Land Trust?
9:55 Outro
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#landtrust #assetprotection #clintcoons
All Comments (21)
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Gahldang you got nice words! Really appreciate your videos! There are levels to this and you guys are top tier!
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Thank you so much Clint, i will be attending that workshop. I love your work and book!
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Great Video Clint!! Always awesome! I have my WY LLC all done, so I am on my way! Keep up the great work!!
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Can your LLC initial be the beneficiary or do you have to assign it?
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Thanks for the video.
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Isn't a Land Trust (Grantor Trust) subject to the grantor’s creditor claims, therefore defeating the "LLC as Beneficiary" structure?
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But what makes this document that you generate official? Does it have to be filed with the state so they are aware of it? How does an override the existing title if it's not filed for anything?
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Clint, i new to your channel and i absolutely love your content. Is the state of Delware just as good to open your LLC?
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Great Video Clint. Question. In Indianapolis, Indiana, there is a law that requires Owners of rental property to apply for a landlord license. Its basically a $5.00 Fee in which you fill a questionnaire online, that requires you to list the Property manager, name and point of contact, plus the name of the Owner of the Rental property. They look for first and last name and contact info. The reason for this is because Indianapolis has had bad rental property owners that don't care of tenant needs. This is a way a tenant can find the information through government site. How can you protect yourself with land Trust or LLC in this case? Thanks
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If assigned to another beneficiary (i.e. parent to kid), are there any potential tax liabilities to the parent like gift taxes?
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I recently learned about this great tool. Thank you for the video Question? I know I have to mail in my "Warranty deed to trustee" for recording at county office, but do I have to mail it in along with "Trust Agreement" for their review too? Thanks
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Great video. Thanks. Question: If I purchase a property subject to existing mortgage via deed to a land trust, will it make it harder to obtain new bank financing on that property down the line? Or in other words, would a new lender look askance at my claim to title on that property, causing problems with refinancing?
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who d you use in wyoming for LLCS and what is the cost
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Hi Clint! Does the Garn St Germain Act protect transfers to an irrevocable trust though? The whole reason I want to transfer my mortgaged property to a trust is for creditor immunity & a revocable trust with myself as beneficiary or with me assigning interest to LLC, doesn’t give me that bc I’m still the grantor.
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If we have mortgage can we put property in trust?
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Do u host events in Virginia ?
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Great video Clint, had a few questions. Can the trustee for a land trust be another living trust or does it have to be an individual/ LLC? Also is there any reason not to make the LLC the initial beneficiary, does the initial beneficiary have to be an individual first before assigning interest to an LLC? Thanks!
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HI clint' Great content as usual. Question, CA resident here, so I'll be setting up land trusts to avoid the 800 FTB yearly fee. when setting up the WY LLC to be the trustee for the land trust, any suggestion for how to name the WY LLC? I intend to use the street name for the trust name, for example: Johnson Road Trust, by ________, LLC, a WY LLC as trustee. After closing I intend to create an LLC with the similar name to the trust and as manager of the WY LLC, instruct the property mgr to pay the rents due the trust owner to to the LLC (Beneficial Owner).
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Hi Clint, I've been following your channel for a while, great content - thanks! Have a question: I'm in FL. If I want to setup asset protection structure for a rental, is it enough to setup a land trust for the property (inside protection unique to FL) with WY LLC as beneficiary (outside protection with strong Charging Order protections) or do I need to have an ADDITIONAL FL LLC as beneficiary of the the trust that's in turn owned by WY Holding LLC? Would I have any issues "conducting business" in FL w/o having FL LLC? Thanks a lot in advance!!!
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If is mortgages can I put in trust?
