Need advice on setting up a Land Trust - Posted by Bowryboy

Posted by JT-IN on August 25, 2002 at 21:38:31:

Eddy:

For less than the price of what you would pay an Atty to produce a Land Trust for you, you can buy the cousre on the “How To”… with complete forms wetc…

You can buy it right here on this site, too. See below.

http://www.creonline.com/b-122.htm

JT-IN

Need advice on setting up a Land Trust - Posted by Bowryboy

Posted by Bowryboy on August 24, 2002 at 21:14:09:

Hi,

I am a newbie and am looking for some help with drawing up a land trust. Firstly, is it an absolute necessity to use one when flipping?

Secondly, does anyone have a boilerplate copy of a land trust that I could use?

Thirdly, does the trust have to be recorded after it is drawn up, or can I just start using it to buy properties?

Thanks in advance for anyone who can offer their help. By the way, I am in New Jersey.

Re: Need advice on setting up a Land Trust - Posted by John Merchant

Posted by John Merchant on August 24, 2002 at 22:48:41:

Law libraries have all kinds of trusts in legal form- books, free for the copying. So if you know enough about trusts and land trusts to be needing just a form, that’s the place for you. If you need more than that, then all the free forms in the world aren’t going to be enough for you. You really need an attorney or trust specialist to help you with your problem and do-it-yourself legal form-books aren’t really the answer.

If you’re hoping to snag one of the privately prepared proprietary land trust forms, such as might be prepared by Bill Gatten’s company, or William Bronchick, Attorney, or another Trust specialist, you’re probably wasting your time. Those people spend a lot of time developing their own special forms and they’re not likely to be giving them away.

Think about this: if you spent all your working time designing and developing a special tool, or set of tools, would you then be giving them away to anybody asking?

Re: Need advice on setting up a Land Trust - Posted by Eddy (CT)

Posted by Eddy (CT) on August 25, 2002 at 17:40:04:

How can I find a lawyer who knows how to draw up a Land Trust agreement in my state? I have a LT agreement from a Ron LeGrand course. Can I just show this to a RE attorney and have him/her amend it for CT? What if he/she says “We don’t do Land Trusts around here.”? Are there some questions I can ask the attorney to tell if he/she is competent to advise me on Land Trusts?
Thanks