Land Trust vs LLC Pros and Cons

[Daniel J.]

Does anyone have experience or knowledge about using land trusts instead of an LLC, for both privacy and legal protection? I am not speaking of living trusts but land trusts. Of course the more private the entity the legally safer you will be as well to some degree.

Thanks

[Michael Plaks]

@Daniel J.

It's like comparing shoes v. socks. You put both on your feet, but for completely different purposes, and often together.

LLCs are legal protection devices. If you're sued, and you set them up correctly - they're supposed to protect you.

Land trusts are devices for hiding and transferring ownership, primarily. No legal protection.

You can combine them to achieve the benefits of both. Details are up to attorneys (I'm not one), and they notoriously disagree on the best structures. 

You just missed an excellent meetup on land trusts, but we have tons of networking here in Houston, so there will be more. Contact me privately via my website if you need information on local REI scene.