The Truth About Land Trusts

23 Replies to “The Truth About Land Trusts

  1. Thank you gys so much for this video.i rely on u gyz for information i need on this real estate journey.

  2. I spoke with someone on your team last week. They told me I would get an email to access the list of properties but I never received the email

  3. What about the Series LLC discussed in your podcast with Scott Smith? Have you found that to be a valid structure? Or is plain old LLC still the best way to go?

  4. I do appreciate the service you both are providing. I have a consultation set up in a week or so, with you guys, wish me luck 🙂

  5. Your wife is wrong on a big part of her information, I think you guys should research this topic a little further and produce a follow up video.

  6. There are a lot of false information in this video about land trust. 1.) you never put mutiple property in a land trust, because one property got a lawsuit, all property goes down with it. 2.) there are no annual fee for land trust 3.) personal liens/judgement against the beneficiary do not get attach to the land trust 4.) attorneys don’t learn about land trust in school, so the attorney you talk to probably cannot tell you more than some basics about land trust. 5.) yes poeople can file a lawsuit against the trust, but it will be A LOT harder to sue the trust because beneficiary of the trust is not a public record.

  7. Natali asks the quesiton "I don't know why someone would pay for both an LLC and Trust?" I asked my team of experts and it would be appropriate in my circumstance. It reiterates what Blaise said (with a little extra detail): I bought the rental unit under my own name. In order to avoid the "Due on Sale Clause" (which my team has seen in the past, though rarely), placing it in a trust will mitigate that. This goes back to the Garn-St. Germain Depository Institutions Regulation Act which states:

    "a lender may not exercise its option pursuant to a due-on-sale clause upon… a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property".

    To add the legal protection, I would add the LLC as the beneficiary.

    Clayton, Natali, does your research say something to the contrary?

  8. Hey Clayton: If one buys or sells a property under the name of the LT, it is highly likely that the closing agent will mail you an overpay refund made payable to the LT. At that point, how would one intend to deposit that check that is made out to the name of the LT? Do you open a bank account for the LT?

  9. Don't listen to this chic she's dumber than a box of rocks she don't make a lick of sense and she will always be a property manager. This video is like drive your car without a seat belt because they don't really protect you until you have an accident and die!

  10. You don’t know enough about this instrument, and misleading your audience. The beneficiary of the trust can be another trust – good luck finding the real owners. Trustee signes the lease, owners don’t have to be on the lease. By the way, Trustee is not liable either, so tenants won’t be able to sue the trustee for something that owners should be liable for. Also, trust declaration trumps statutory laws – judges will need to see what is in it before adjudicating the suit. Statutory laws are public, trust is usually private. The trust declaration is a law itself. Most likely judges won’t even be able to touch it, unless it is poorly written. Don’t trust any attorney to write it for you, because they will handle a full jurisdiction to the courts. Always put in that this trust is governed by private laws, and not public, so when you write a lease, you don’t have to comply with any local or state requirements – your lease is between a private trust and a private man or woman, and also governed by private laws. Get the government out of your private affairs. You don’t need to record the transfer either; rather seek a declaratory judgement from the court to claim the property rights to the trust.
    Good luck!

  11. "I guess you never heard of resignation of Trustee"…If you operate in private capacity…or Sovereign…then you cannot be held liable when you have Allodial Title…

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