Land Trust FAQs

What is required to set up a land trust?
A signed original of our Trust Agreement and a Recorded Deed In Trust. For more information, please refer to How to Set Up a Land Trust.

Why do I have to pay an annual fee?
The annual fee is charged much like a vault box or credit card fee. Even if you don't have any other activity, you still have the protection of having your property in a land trust.

How can I hold the beneficial interest?
Single – 100% interest; Various individuals having percentage interest, totaling 100%; as Trustee of a Living Trust; Joint Tenants; Multiple Owners;Tenants by the Entirety; Corporation; Partnership; LLC (Limited Liability Company).

How do I take my property out of my land trust?
Direction to Convey must be completed and signed by all people holding Power of Direction, and any Collateral holders, if applicable. A Trustee's Deed will be prepared based on your direction. You or your attorney must record the Deed with the county.

Please download Direction to Convey from the Forms section of this website.

What is the fee for removing my property out of my land trust?
Please call our Customer Service Unit at (312) 223-4110 or toll-free at (888) 878-7856 to inquire about any fee issues.