Full Count Services has provided Title Holding Land Trusts to our clients for the past 6 years. We have done 1000′s of Land Trusts in all 50 states. How much do you value Privacy and Anonymity? Our clients value privacy because they are Real Estate Market Trend Setters. Leaders not followers our clients know its a copy cat league and dominate the Real Estate Markets by having privacy thru Land Trusts. FCS clients count on our team of professionals to keep up with the trends in the Real Estate market. Join a winning team and get your assets protected.
Protect your property now!
Don’t let lawsuits, judgments, tax liens, probate or other taxes strip the value of your property!
You have worked hard and invested money in your residence and your investment properties. There are many people who would like to take it away from you! A land trust and an inexpensive and effective means of protecting your assets and privacy!
Ok, What is a Land Trust?
These simple title holding trusts were originally started in Illinois, so they are often called Illinois Land Trusts. The purpose of a land trust is to allow one to have the legal title to his property held by another person, the trustee, while retaining all of the rights and privileges of property ownership as the beneficiary (the beneficial interest). The trustee acts only upon the beneficiaries direction. The original property owner still retains all rights, such as the right to possession, to collect rent, mortgage the property, homestead exemption, tax benefits and any other benefit they currently possess. Our finely crafted trust agreement and certification of trust assures that the current or designated owner control all ownership rights, while maintaining complete asset privacy.
Avoid Probate, Save Taxes
Property held in a land trust can be designated for transfer of ownership whenever you wish. Your spouse, children or other successors can bypass costly and time consuming probate proceedings and can sell or refinance the property without delay. Probates often take years to settle, but with a land trust your heirs could sell immediately and avoid expenses on property they inherit but don’t wish to keep.
Protect Your Credit Report
Public recordings related to property held in the name of an individual will show up on personal credit reports, thereby lowering credit scores and access to credit. If you hold title to property in a land trust, any liens relating to your property will not report to your personal credit report, but instead to the trust. This allows you time to work out problems since they do not appear on your personal reports.
Insulate Your Property From Liens & Judgments
Liens, judgments, lis pendens actions and claims by city and county government usually attach to property held by a person in his or her name, or as a co-owner with others. This can make the property more difficult to sell or refinance. However with a land trust in place, legal matters affecting the beneficiaries do not pass through to the subject property.
About Partners and Tenants In Common
Properties with more than one owner greatly benefit from a land trust. The land trust isolates each owner from any liens, judgments or other public record filings from being attached to the property. It also allows for partners to readily and easily sell or transfer their interest to another investor. Investors can also gift the property to a family member whenever desired without tax or reassessment. With land trust ownership, it is possible to sell property for cash and avoid reporting the sale to governmental agencies, thereby postponing or entirely avoiding certain tax consequences. By having one trustee act for all of the owners, there is no need for each of the owners to sign necessary papers, documents and contracts individually, which may become necessary from time to time. This saves time and confusion when there are several owners.
Many cities and counties charge hefty transfer taxes when a property is sold to another person. Property taxes are often reassessed and taxes may be increased considerably. In California, it is possible that the property taxes could be increase by several times. With a land trust, it is possible to privately transfer the beneficial interest in the trust (the actual ownership) without reporting to any governmental agency. This is because an individual’s interest as a beneficiary of a land trust is considered personal property under the law. This is extremely beneficial when buying out a partner or spouse’s interest in a property, or if you would like to deed the property as a gift to children or grandchildren.
Legal ownership of all real estate is listed with the county recorder’s office in all counties. That means your personal ownership information is available to anyone who wants it. Property owners are constantly solicited by mortgage brokers to apply for new loans because the information is made available to the general public. If you form a land trust, your interest in the property remains confidential and is not a matter of public record. We believe that matters of real estate ownership should be private. You wouldn’t let just anyone know your bank account number, or account balances! Why let the entire world know the equivalent about your real estate holdings? A land trust offers an easy and affordable way to maintain privacy regarding real estate ownership.
About Costs, LLC’s and Corporations
Many people advise real estate owners to hold title to their properties in LLC’s or corporations. This does provide a good deal of asset protection, but does have some draw backs. We believe that the absolute best way to hold title to real estate is with a combination of the land trust and an LLC. The benefit to you is that you get all the advantage of both forms of ownership. However, this may not be the best thing for all real estate owners. We will be happy to discuss the relative benefits of land trusts and LLC’s and what would be best for your personal situation. If you wish to set up an LLC after talking it over with our staff we will be happy to form one for you according to your needs.
When You Order Our Complete Land Trust Package, We Take Care of Everything For You!
Here is How it Works:
1) The first step is to provide us with some basic information pertaining to your property and your objective. There is certain information that we need in order to prepare your land trust agreement, grant deed and supporting documentation. This includes the name, address and other pertinent information of your trustee, beneficiaries and grantor.
2) We will prepare your complete trust agreement detailing all of the rights, obligations and duties of each participant, and prepare the documentation for you to sign and keep. Simply return the signed deed and endorsement to us and we will record it with your county’s recorder on your behalf.
3) Trustee service and mailing address service is included with your land trust set up package and no additional cost for the trust for the first year. Our specially crafted trust agreement assures that you or your designated beneficiaries are still the only ones with the right to sell or encumber the property. The same applies for receiving rent or or other financial arrangements regarding the property intended for the owner.
4) In addition, we will remain available to help you with any questions, concerns or changes you may have in the future pertaining to your land trust. Our expert advisors will remain available to you at no extra cost to guide you in the effective administration of your trust.
5) We are also available to any title company or closing agent working with you on the acquisition or sale of any properties involving your land trust. We will directly co-ordinate with such agencies and sign and provide any documentation required whenever necessary to achieve your objectives regarding your property.
6) Most importantly, we provide you with a certification of trust document. This guarantees that your trust will be honored and validated anytime you need it. This becomes especially important in the event you are selling the property or refinancing, since your title company will require it.