Reasons to Use a Land Trust

[james.dan]

The land trust is a very powerful tool for the savvy real estate investors. A land trust is a revocable, living trust used specifically for holding title to real estate. Each property is titled in a separate trust, affording maximum privacy and protection.

Here are some reasons to use land trust for titling property to real estate.
1. Avoids property being probated (out of court transfer upon death of beneficiary)
2. Judgments do not attach to the beneficiary
3. No Partition (avoids spouse’s “forced share” sale buyout upon divorce)

 

[AnnH]

Individuals use land trusts as an alternative type of housing tenure to owner occupancy mainly for privacy and to avoid probate.