REI Wealth Monthly Issue 12 | Page 20

WHY DO YOU NEED A LAND TRUST? RANDY HUGHES Do you realize that one false move with just one of your properties can cause you to lose all of your hard earned investments? One careless tenant can be injured on your property and the world will fall all around you. Ask yourself the following question “Can you control what is happening in all of your properties right now – this minute?” Is it possible that a careless tenant can be injured or die tonight in your rental property? This happens every day in America and you cannot avoid all risks with insurance. Insurance companies are notorious for denying coverage when you need it the most. Land Trusts are easy and inexpensive to set up and your first line of defense to insulate you from the millions of lawsuits happening in America every year. You need to put each of your properties into separate Land Trusts. This means to put the title of your real estate in the name of the Trust…NOT your personal name! This will “insulate” each property from the others. You need the knowledge that your attorney does not have on this asset preserving technique. Why work so hard to have one uncontrollable tenant event cause you to lose all of your properties? Come on! You are working very hard to build your asset portfolio. Why lose it now? We all know that our legal system has run amuck! It is no longer about who is right and who is wrong. Our court rooms are controlled solely by those who can afford the smartest lawyer that knows all the court room “tricks” to get the end result desired. The most dangerous terrorist of the 21st century that you need to fear is the contingency fee lawyer! Do you want protection from the contingency fee lawyer or would you rather have a bare knuckle fight with him without any defense guards in place? It will cost you a fortune just to defend yourself! You have probably noticed that it is VERY difficult to find any information about Land Trusts and how they operate. That is why people from all over the United States come to my website to find accurate information about Land Trusts. Most attorneys do not know how to set up and administer a Land Trust (they receive only three hours…if any, of trust education in law school). Many attorneys have purchased my home study course or attended my seminars to educate themselves on land trust law.