Land Trust used in place of your LLC
Is it true that real estate investors can utilize, I believe a land trust instead of an LLC for a level of protection on their investments? If not a land trust then some other vehicle? Thank you
Quote from @Serita Huff:
Is it true that real estate investors can utilize, I believe a land trust instead of an LLC for a level of protection on their investments? If not a land trust then some other vehicle? Thank you
speak to your attorney but its my understanding trusts do not provide asset protection unless its irrevocable trust which opens up a lot of other problems.
The main benefit of a land trust is that it provides property owner with anonymity. This is because with a land trust, the property’s owner is listed as the name of the trust itself, and your personal information is not associated with any public records related to ownership of your property. As the beneficiary, you retain full control of your property. You can manage it as you wish, rent it to others, or even sell it whenever you want.
A land trust alone, however, does not provide limited liability, like an LLC would.
Okay, thank you