land trust - should ohio charge to transfer - Posted by chris

Posted by William Bronchick on March 12, 2010 at 11:45:08:

You can be the trustee and beneficiary, but I would not do it - make the beneficiary your LLC or Corp and you be the trustee. Pay the fees. Involving the seller in the trust is a bad idea becaause it creates confusion, which leads to problems.

land trust - should ohio charge to transfer - Posted by chris

Posted by chris on March 11, 2010 at 07:51:22:

The property is going to a land trust not to sell but for the owner. There will be no change of beneficiaries any time soon. Ohio is asking for a survey $400. and a 180. fee to transfer. If this was an investment that we were buying I would understand but it is literally for the owner to keep, just keep better protection for themselves.

Re: land trust - should ohio charge to transfer - Posted by Chris

Posted by Chris on March 11, 2010 at 11:48:06:

I talked with the court house further. They will not ask for the fees above and the survey if the trustee on the land trust is the current owner. If this can be done, I would not have a problem because then it would be shown as a trustees affadavit and thus not show the owner under a search online. So can the trustee also be beneficiary?