Monday, June 9, 2008

Any Experience Using Illinois Land Trusts to Acquire or Liquidate Real Estate?

Does anyone have experience using trusts with real estate investment properties? Most people utilize the Trust as an asset protection medium but they seem to be a good tool for acquiring and/or liquidating properties, particularly in today’s real estate market. You can pretty much structure the Trust documents to accomplish whatever ends you wish to accomplish with a piece of property. It seems that the Trust is also a medium through which you can come to an agreement with multiple parties, each party playing its unique role in the deal, each role described in a structured, legal language (Trust documents) that protects each party.

If anyone has used this tool please share your experiences.

By Melanie Dewey

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