
4 January 2011 | 36 replies
Randy Advantages of Using a Revocable Land Trust 1.Avoids property being probated (out of court transfer upon death of beneficiary) 2.Ease of Transferability 3.Judgments do not attach to the property 4.No Partition (avoids spouse’s “forced share†sale buyout upon divorce) 5.Easier management with multiple owners (multiple owners do not have to sign docs) 6.No costs upon transferring beneficiary 7.No registered agent needed 8.Legal and Equitable property interest in trustee’s name 9.Income and Expense conduit, not a business with tax consequences 10.No tax return to file (pass thru entity) 11.Trustee has no personal liability 12.No annual fees like other entities, if trustee is an individual or friend 13.Estate planning – successor beneficiaries 14.Less expense in grantor creating trust over entity 15.Avoids the due on sale clause 16.Privacy of ownership – Helps Avoid Identity Theft of your name 17.Keep sales price private 18.Able to fracture interests of multiple owners w/o being partners 19.Ease of linkage to other asset protection entities 20.Non-judicial repossessions of real estate sold on installment contract 21.1099 not required for transfers (personal property not subject to real estate regulations) 22.Ease of operating across state lines 23.Ability to insert poison pills 24.Lots of case law to support land trust law 25.Many attorneys do not study this section of the law – not profitable for them 26.No recordation of the Trust Agreement 27.To avoid “seasoning†problems (secondary market rules of ownership) 28.To save title insurance premiums (Trustee-insured-remains the same) 29.Good negotiating technique in the sale or purchase of property (Disney World used trusts to acquire land prior to construction to avoid price escalation) 30.To provide non-recourse financing 31.Lowering of real estate taxes (prevents re-assessment) 32.Avoids state regulations that apply to corporations and LLC’s As you can see, Land Trusts are a wonderful tool for you to hide your assets, avoid real estate tax increases, privatize your sales transactions, avoid probate and use for many other benefits.

28 January 2019 | 11 replies
Arborist indicated that it appeared to be healthy too - no signs of imminent death.

12 July 2023 | 211 replies
Wow that is insane, death threats and coming from his wifes phone number.
1 January 2016 | 37 replies
If the parties are still married, the next day, the grantor still has a marital interest and gains an equitable interest in the assets owned by the spouse and a legal standing upon the death of the spouse to legal title, depending on the distribution of the estate under state law.

12 March 2017 | 27 replies
I moved companies and was now commuting from south Denver to Boulder every day, which was taking a toll.

10 December 2020 | 17 replies
Then there's the BK risk, death risk, etc.

16 August 2017 | 10 replies
I must say, even being 19, if does take a big toll on you but it's all about the process.

15 February 2015 | 11 replies
I understand that anyone can sue you at any time for anything and that the real question is whether or not they win (obviously not taking into account your premise of nickel and dime-ing you to death).

17 March 2015 | 15 replies
She wants to keep it there and then add his date of death after he's deceased.

3 June 2014 | 29 replies
But pre-2008, most foreclosures were due to the 5 D's - Death, Disease, Divorce, Drugs, and Denial - where people end up in a situation where they are losing their home, rather than just being underwater and walking away.