Beneficial Interest in Land Trust

[Jonathan Newsome]

Quick question about assigning beneficial interest in a land trust. I’ve got a property under contract in a land trust. I will be assigning this property over to another investor.

When assigning beneficial interest of the trust over to another investor, what document(s) is used to show the assignment fee? Would it just be recorded on the “assignment of beneficial interest” document or would I just draw up a regular assignment of contract to show the fee for assigning the trust? Thanks!