Land Trust

[andrewmitch]

Is there any benefit to using Land Trusts? I am thinking asset protection but I am wondering if it would also be part of the method in getting off the tax payroll???

[Be Vigilant]

Just wondering what you folks think about this service and the land trust provided.

http://fullcountservices.com/index.htm

[Notorial dissent]

I can think of more useful and fun ways to waste the amount of money they want. A land trust is not going to insulate you from anything, and as to anonymity, in five minutes anyone with a modicum of sense can find out who the actual owner is, so no security there, and just because it is in a trust does not insulate you from liability or taxes, contrary to what they would like to complain, so what is the point.

[Be Vigilant]

ND, are you saying no to any kind of land trust then?

And, is there a better option?

[Notorial dissent]

Mostly it will depend on your financial situation, but thinking you can use a trust to avoid creditors or taxes is a waste of effort and money, it doesn't work. All it requires is the creditor/tax authority to go into court and show that you are the beneficial owner and the trust ceases to matter.

[Levi Philos]

Join the Yahoo group trustees & agents: http://finance.groups.yahoo.com/group/TRUSTEES_AGENTS/

Go here: http://www.nacrs.org/
Get the book: http://www.nacrs.org/i1005.html

If you want to protect equitable interest in real estate or do a non-conventional exchange of equitable interest get with Bill Gatten: http://www.landtrust.net/board/

[Levi Philos]

Join the Yahoo group trustees & agents: http://finance.groups.yahoo.com/group/TRUSTEES_AGENTS/

Go here: http://www.nacrs.org/
Get the book: http://www.nacrs.org/i1005.html

If you want to protect equitable interest in real estate or do a non-conventional exchange of equitable interest get with Bill Gatten: http://www.landtrust.net/board/