LAND TRUST

Your Benefits

When you want to keep real estate ownership private and not a matter of public record, a land trust may be the perfect tool. A land trust is a simple, inexpensive method for handling the ownership of real estate. The title to the real estate is held by a trustee, but all the rights and conveniences of ownership are exercised by the beneficial owners and the beneficial owners names are kept private. Other benefits may include lower property taxes since the purchase price is kept private. Partnerships can even benefit from land trusts since plans are still able to move forward in the event something unfortunate happens to one member. Corporations can also successfully use land trusts to compile large tracts of land while keeping their plans private.

Your Options

Under a Land Trust Agreement, you can turn over the ownership of the real estate to your loved ones during your lifetime or upon your death, avoiding the process of probate proceedings. A beneficial owner of a land trust can pass his or her interest to someone else by an assignment of the beneficial interest, no deed necessary.

Our Services

As Trustee, First Bankers Trust Services can handle your land trust whether it is for an individual, partnership, or corporation. We are familiar with applicable laws and IRS regulations and will maintain the confidentiality of your real estate arrangement. You can also count on us to keep accurate records of any assignments of the beneficial ownership.