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Updated over 13 years ago on . Most recent reply
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Land Trust question - Georgia
I'm inheriting some land, since I also do real estate investing I would rather be legally associated with as little personal assets as possible. This led me to land trusts where it is very hard to determine the owner of said property, and difficult to break that legal status but, that's in states that strongly support land trusts. However; what's the point of going through that trouble if it's easy to pierce the anonymity of that legal device in GA?
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Hi Jason - What do you mean that it is easy to "pierce the anonymity of that legal device in GA"? The trustee is usually a matter of public record, but the beneficiary can be known only to the trustee. Going even an additional layer, you could have an LLC as the beneficiary of the trust. Would this not work in GA?