Posted by Colin Bochicchio on May 04, 2007 at 15:12:40:
Mike,
That was my post I mistakently put your name in or the system did.
Colin
Land Trust question - Posted by mike
Posted by mike on April 30, 2007 at 18:59:41:
How is a land trust formed and how do you make an LLC the beneficiary of the trust?
Re: Land Trust question - Posted by Mike
Posted by Mike on May 04, 2007 at 15:10:22:
Mike,
A land trust is formed when you have a trust and beneficiary agreement and only then when a experienced trust attorney legally reviews it once done it is a legal entity and if they are good they actually review the trust to conform not only to federal but to state guidelines or statues on land trust legistlation.
As to how to make your LLC a beneficiary once the trust is formed you would obtain a assignment of beneficial interst and make your LLC a beneficiary in the trust pretty simple.This is a silent transfer that is not recorded just so you know.
Mike feel free to call me at 702-400-7632 or email me at coltrust07@gmail.com if I can help further I work with land trusts in my investing.
You