Realty411 Magazine Featuring Lee Arnold from Cogo Capital | Page 46
7. Successor Beneficiaries avoid probate
and out of state Beneficiaries can avoid
probate in multiple states and other legal
issues upon death of the Primary
Beneficiary. This creates a smooth
transition of succession.
8. A group of heirs can inherit a property
held in a land trust with ease of
management (by a Director) and no need
for a partnership agreement or a
partnership tax return
9. Cooperative housing corporations may
elect to hold title to their land and
buildings in a land trust. They could then
issue beneficial shares to their residents in
place of stock certificatessimplifying
control and record keeping.
10. When a Trustee of a Land Trust signs
the mortgage (that gets recorded in the
county court house records) the debt will
not show on the borrower's (the
Beneficiary) credit report.
Land Trusts have been used by American
citizens for over 100 years for good
reasons. There are many legitimate
reasons to use a Land Trust for privacy
and asset protection. No one will protect
your assets like YOU will. Learn all you
can now because "old and cold" matters.
Ever since 9/11 it gets harder every year to
be private and protect your assets. Do it
now! Don't delay!
Land Trust
I encourage you to learn more by going to
my FREE online training at:
www.landtrustwebinar.com/411 and text
“reasons” to 2062032005 for my free
booklet, “Reasons to Use a Land Trust.”
You can also reach me the old fashion way
by calling me at 8666967347 (I actually
answer my own phone unlike most other
businesses in America today).
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