Posted by colvegas on January 11, 2006 at 20:51:56:
Actually it is best to do both that is forming your corporation then make that corp whether that is a C-corp, Sub chapter S-corp,LLC and so on a beneficiary in your land trust. Check with a good corporate entity planning attorney who can best direct on which entity is good since there are tax consequences to each one depending on your tax basis. Iam not an attorney so can not advise there.
I do however work with land trust entities.
By using both the corporation and the land trust actually provides very good asset protection for the real property.
If you both are on the deed you both will be vesting title to your designated trustee then you would assign beneficial interest as needed.
Depending on your exit strategy and other factors on the property will best determine how your trust is setup i.e % of benficial interest what type of transaction you would be doing and so on.
As to forms there are probably generic forms on the web but understand that if you do not know the speciifc structure of the trust and if is not legally reviewed by atttorneys who are well versed in trusts you could have a dry or abusive trust which means it can be pierced.
If you wish you can call me at 702-400-7632 if I can help further on this.