ERRONEOUS LAND TRUST ADVICE HOW TO SPOT IT CLINT COONS
imperative to deed the property to the trustee of the trust and not the trust itself.
When dealing with professionals not accustomed to working with real estate investors and the various tools at their disposal, it is not uncommon to run into resistance born out of ignorance. If an attorney dismisses your use of a land trust as not being valid in your state, you can now ask him under what common law principal did he reach his conclusion. Not only will you undoubtedly shock him with your understanding of the law, you might event get him to waive his fee because you will be the one advising him and not the other way around.( Wishful thinking. I haven’ t met an attorney yet who won’ t try and bill you just for being in his presence.)
Clint Coons
Clint Coons is a nationally recognized attorney and author who regularly teaches workshops on asset protection. His latest book“ Asset Protection for Real Estate Investors” is available on Amazon or his website, www. alglaw. com.