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Updated over 8 years ago on . Most recent reply

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Andy H.
  • Investor
  • Stockdale , TX
28
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89
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Naming land trust same as property address: good or bad?

Andy H.
  • Investor
  • Stockdale , TX
Posted

When creating a land trust to hold a piece of property for anonymity reasons (or to transfer a property out of your personal name and into an LLC, which is the beneficiary of the trust), a common practice seems to be to name the land trust after the property address, ex. "123 Main Trust".

Is this a good practice? Are there any drawbacks to using this naming convention? I seem to remember hearing at least one attorney say this was not a good idea, but I'm not sure what the reasoning was. 

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Ned Carey
  • Investor
  • Baltimore, MD
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

If I was going to use a trust I would name the trust the "Widows and Orphans Trust" so no one would want to sue me.

  • Ned Carey
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