Updated almost 8 years ago on . Most recent reply
Land trusts with LLC as beneficiary
So I'm still trying to wrap my mind around the concept of putting property into a trust and having an LLC be the beneficiary. As I understand it when the property is put into the land trust, a trustee has to be named and the trustee is listed as the owner and only they know the identity of the beneficiary? So if someone wanted to pursue legal proceedings they would be dealing with whoever is named as the trustee, under the illusion that they own the property?