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Keywords:
Revocable,
Trustee,
Beneficial,
Inexpensive,
Anonymity
A device to hold title to land in a trust with the beneficial ownership held by the landowner.
A trust originated by the owner of real property in which real estate is the only asset. Because the interest of a beneficiary is considered personal property and not real estate, ajudgment against the beneficiary will not create a lien against the real estate. Thus land trusts are popular when there are multiple owners who seek protection against the effects of divorce, judgments or bankruptcies of each other.
a device by which land is conveyed to a trustee for the benefit of another
a device that separates the ownership in the property (full title is vested in the trustee) from the ownership of the beneficial interests (which are owned by you, the investor)
a document we create that allows your property to be held privately so your name does not appear on the title in the public records
a form of a revocable, living trust which is exempted under the Garn Act
a form of land tenure designed to avoid the abuses often associated with private land ownership, such as damage to the environment, excessive rental charges, and speculation
a form of real estate ownership by which you put title to the land in the name of a trustee, but you keep all of your rights to the property as if it remained in your name
a grantor-directed type of trust, where the title to real estate is held by the trustee on the customer's behalf, while all rights and benefits of ownership are retained by the grantor/beneficiary
a legal creation in which the sole asset in the trust is the property you are buying
a legal document that is used to keep the ownership of real estate private
a legal instrument that conveys both legal and equitable interest in real property to a trustee
a legal mechanism whereby the legal title to real estate is put in the name of a trustee and held for the benefit of another
an alternative ownership model that removes land from the commodity market and uses it as a long-term resource
an arrangement whereby one person holds full title to property for the benefit of another person, who may direct the management and use of the property
a revocable, living trust used to title ownership of real estate
a revocable trust that is used primarily to protect assets
a simple and inexpensive way to handle real estate
a simple, inexpensive method for handling the ownership of real estate
a simple, inexpensive method of estate planning for one's real estate
a unique package of benefits that offers real estate owners the advantage of ownership without many of the problems and complications that usually go along with it
a vehicle that holds real estate nothing more nothing less
Legal entity by which a interest in real property is converted to an interest in personal property. Owners deed real property to the trust and receive an interest in the trust in return.
A form of ownership whereby property is conveyed to a person or an institution called a trustee, to be held and administered on behalf of another person called the beneficiary.
A land trust is a revocable, living trust that is primarily used to hold title to real estate for privacy and anonymity.
A revocable, living trust primarily used to hold title to real estate for privacy and anonymity. Also known as an "Illinois Land Trust" or "Nominee Trust." The land trustee is a nominal title holder with the beneficiaries having the exclusive right to direct and control the actions of the trustee.
A trust created to hold title to real property. It protects title against legal actions and does not openly disclose the identity of the actual owners of the property.
An association organized by common owners of real property, which holds title to the real property in the name of one or more trustees for the benefit of the owners, whose beneficial interests may be represented by trust certificates.
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