I know you have heard about Land Trusts and you know that you should be using them. But I know you and you haven’t gotten around to using them yet. You believe that Land Trusts are too complicated and you just haven’t had time to learn and completely understand them, but you will get around to it one of these days.
Trusts have been around for centuries and there are tools that the rich use regularly to protect their assets. Land Trusts are a very special type of Trust that was created to protect your real estate investments, whether you are a landlord who holds real estate for the long term or a wholesaler flipper who only owns the property for 5 minutes.
There are several reasons why people use Land Trusts, but the most important one to me is the Privacy. No one knows what I currently own or what I have owned in the past and that is comforting to me to know that no one will ever be able to find all my assets if they get the bug to sue me for any frivolous reasons.
My assets are protected, or shielded from discovery because I have taken the time to set up my business that way. However, Land Trusts only provide you with the asset protection and privacy you want if you set everything up that way in the beginning and continue to use them in the future. Land Trusts cannot help you if you have waited too long and then scramble to hide all your assets using Land Trusts at the first sign of trouble. If you suddenly transfer everything to Land Trusts, any lawyer will be able to find them and then petition a judge to have those transfers reversed and put back into your own name if the lawyer can convince a judge that you placed everything into Land Trusts to try and avoid a law suit.
As our economy and the real estate industry change, it will be more important today to start learning and implementing Land Trusts as part of your own privacy and asset protection program than it has ever been in the past. I urge you to stop procrastinating and start leaning and implementing Land Trusts right now!!!