Matt, I've recently been doing my share of reading on land trusts. I hope I can help a few others with the little bit I’ve learned. Chicago Title’s Land Trust FORMS PAGE page might be your best source to freely view a bunch of examples.
Thus far I’m persuaded all four of these guys are competent... Mark Warda, Anderson Business Advisors (Clint Coons), Randy Hughes and LoneStarLandLaw.
I’m in the middle of reading Warda’s Land Trusts for Privacy & Profit right now. It’s loaded with form templates and he sells them on disc for something like $40-$50. He also offers corporate trustee service out of Florida but I don’t know if he’s bonded & insured (thus far I believe FL is the only state that doesn’t require it).
Coons and his team have do and outstanding job of publicizing their service out of NV that provides corporate trustee service and you can read his great blog posts on land trusts on & off BP. The BP commentary on THIS BLOG POST in particular is outstanding. I’m in the middle of reading Coons Asset Protection book right now.It seems his value proposition is highest from the standpoint of him being teamed up with the guys formerly under BossOffice for comprehensive asset protection/tax planning.I haven’t seen that they make available any of their templates.
Lastly, Randy Hughes sells his info packages from his site that look to be just as comprehensive as Warda’s for $400-$700. I found a discount code “LT” somewhere on his site that discounts the $700 non-download package by $250.He has a forum I’ve yet to checkout HERE. Hughes doesn’t provide corporate trustee service. I’ve read in a couple places he likes Virginia's statute.
My personal biases are that Iâm a cheapskate want to learn/put together as much as I can before I have to pay the costly billable hours to a specialist lawyer. I plan on doing a lot of them and donât want to overspend on a corporate/lawyer trustee if ROI isn't there.
From everything I’ve read, the effective and practical use of title holding trusts is mostly a learning curve because just like LLCs or IRAs missteps in implementation can invalid its purpose especially since statutes and case law are STATE BY STATE. Also see HERE & HERE
The more literate I am on this stuff, the better I sleep and night and the more confident I’ll be in communicating its use to my sellers etc.
Like Will Barnard I intend to use a non-corporate even non-attorney confidant as recorded trustee of my trusts for now. Doing so I’ve had to learn what’s necessary for my states…E.G. the duties necessary of a trustee and delegation to “agents” for a valid active trust. I’ve also had to learn how to avoid “doctrine of merger” by adding oneself as nominee co-trustee AFTER the deed of trust gets recorded.
I may very well end up using local or out of state attorney’s as the years roll on…but cannot presently justify Warda’s FEE SCHEDULE For those of you that have used Anderson Business, LoneStar, Exeter, or NOTEQUEEN’S service I’d love to hear the community’s feedback regarding their cost/value provided?