c. 2015 San Diego Real Estate and Estate Planning Law
Why is it critical to place properties into a land trust?
A land trust is one of the best asset protection devices you can use. It provides privacy. If creditors cannot find your assets they cannot levy your assets.
It provides legal protection. If someone is looking to sue, there will be very little reason to do so if it appears that you own very little in the way of assets.
A land trust can be important when utilizing creative financing to purchase real estate. It can allow for the efficient transfer of property to a new owner while utilizing existing financing. However, if this is your primary purpose, please ask the attorney about obtaining a disclaimer for the seller of the property because of violation of the due on sale clause in a deed of trust.
We will guide you through the formation of a land trust for $499. Let us know if you need a land trust on a rush basis and we will happy to help you.
If you would like to order a land trust please call us at 619-322-5695 and speak with one of our attorneys.