This week’s Lesson Video is from Ron’s Business Management Boot Camp where he teaches the back-end of running your business.
In this short clip, Ron’s talking about land trusts. How do you set it up? What does it do to protect you? Find out the answers in the video!
anyone have info about charitable trusts?
I love the way Ron points out the simplicity of the things that we try to make way too complex. Land Trusts are great tools to use in this business!
I can’t seem to find the Warranty Deed to Trustee form anywhere.
Hello Gama!
You can find that form here:
https://www.ronsgoldclub.com/resources/forms-and-agreements/by-course/quick-start-real-estate-school/warranty-deed-to-trustee
Hey, thanks for that link!
Nice
This lesson is on point. Questions: can I take a seller’s home, place in a trust with my LLC as trustee but still hv the seller as beneficiary until the home is sold? Options from here would be: change the trustee to new owners & they choose their beneficiary(new trust) OR simply remove from trust since it is sold?
With my LLC as trustee, this still gives me rights to “sell”?
pretty simple…love your style, Ron
Warranty Deed to Trustee…the form the Seller fills out in front of the Attorney and is recorded on public record showing that the Property is being transferred to your trust. The other document you keep at home which shows the Beneficial Interest…not to be recorded…Got it! I love how simple you make these lessons, Ron.
The Warranty Deed to Trustee is what the Seller signs in front of your Attorney and must be witnessed, filed, and recorded at the court house to put the property in a Land Trust. The ‘Agreement and Declaration of Trust’ is kept at home in your filing cabinet to show who the Beneficial Interest is which can be changed if need be by the ‘Assignment of Beneficial Interest in Trust’.
My dad, at my urging, tried doing this a few years ago and the county clerk wouldn’t accept it. Now a homeowner myself, I’m going to give this another shot for my own home.
The Warranty Deed to Trustee is what the Seller signs in front of your Attorney that gets witnessed and recorded and transfers ownership to your Land Trust. The Declaration and Agreement for Trust is what you put in your filing cabinet after closing and can be changed to let people know who the Beneficial Interest is.
I love land trusts!