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About
Land Trusts > More
About Land Trusts
In the litigious world we live in owners of real estate have become
increasingly susceptible to frivolous litigation. With the county
deed records now available on the Internet, angry tenants, noise
neighbors, snoopy in-law, ex-spouses and hungry lawyers can easily
identify property owners, serve them, and involve them in nuisance
lawsuits. The public nature of real estate holdings can make life
miserable for unprotected investors.
Owning and controlling real
estate, without being exposed through the public record system,
has become an industry in itself. There are several excellent strategies
available to “hide title” that
are effective and economical. The Land Trust approach is one of the
most effective.
Trusts have been used since the early 1400’s to hold real
and personal property. Camouflaging ownership goes a long way to
keep from being identified as a “wealthy real estate barren” and
getting targeted by predators. There are reliable state, federal,
and tax laws that define how trusts are to be structured and managed
to give the beneficiary (the real owner) the protection and tax advantages
they are seeking. This is an old and established strategy used by
single property owners and the rich and famous for centuries.
Crown
has been using Land Trusts for 10 years to protect its investors
against unnecessary exposure to the public. We work with the largest
and most prestigious real estate law firm in the southeast to train
on Land Trusts. Dickenson Gilroy, LLC has developed and perfected our documents and close into Land
Trusts for our clients. They are comfortable with the Land Trust
strategy including the issue of title insurance. Instructor Robert
Locke is one of a small group of Certified Trust Specialists in the
United States.
Crown and Dickenson Gilroy, LLC also offer Land Trust workshops
and documents for investors who want to become proficient at setting
up and managing Land Trusts for their own properties. We can teach
you the “how
to’s”and provide the documents so you can do it yourself
and avoid the expensive dependency on lawyers.
Note: you should always get good council when using Land Trusts for
real estate ownership.
See attorney testimonies below:
“The Land Trust is a powerful tool for real estate investors
to keep their names off public records. Anonymity goes a long way towards
reducing the liability and added exposure of owning publicly recorded
assets. I have worked with Crown and Robert Locke for several years
applying this strategy and have drafted and reviewed many of their
Land Trust documents”.
Closing Attorney, Jennifer Dickenson, Dickenson Gilroy, LLC. (Sigma cum lade) Emory
Law School See Jennifer's
Credentials »
“As a litigator I find it cumbersome to track down the assets
of an investor who has made the effort to camouflage ownership of
their real estate through title holding trusts. A properly drafted
Land Trust goes a long way to getting the owners real property off
the radar screen of creditors, government agencies, noise in-laws,
tax collectors, or the ex-spouse. We work closely with Crown clients
to properly implement the Land Trust title holding strategy”.
Monica
Gilroy, Partner and head of litigation at Dickenson Gilroy, LLC See Monica's
Credentials »
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