|
|
What is a Land Trust?
- A land trust is a simple trust arrangement for owning real estate.
- It offers real estate holders the advantages of ownership without many of the accompanying problems and complications.
- Land trusts are often used as a way to safeguard personal assets, and simplify legal aspects of ownership.
- Under a land trust, Chicago Title Land Trust Company acts as titleholder and trustee for a designated property, while the property owner becomes the beneficiary of the trust.
|
|
|