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Updated over 3 years ago, 04/25/2021
How and when to set up a land trust?
Hi everyone,
I read online that setting up a land trust to hold your property and then assigning the beneficiary to an LLC is a good way to protect your privacy and asset. I have a few questions about land trust and hope to get some clarifications here.
1) Can I set up the land trust before closing and ask the title company to assign the property to the trust at the closing? If not, when can I transfer the title of the property to the trust?
2) Can I set up the land trust myself? I saw that some videos selling standard land trust documents to set it up. Does this work for every state?
3) Is there a better way to protect your asset and privacy than this structure?
4) Any recommendations of a lawyer who is experienced in this in San Jose, CA?
Any suggestions would be greatly appreciated! Thanks!
Gin