Florida Land Trust Cost

A brief discussion with an attorney to gather information and explain generally how the trust works.

Florida land trust cost. The property being held is known as the principal while the steward managing it is known as the trustee. So the land trust document contract is created and the trustee who must be a third person or entity is appointed by the trust. I am not talking about non profit land conservency land trusts but trusts that hold title to your investment property houses apartment buildings raw land etc. The first land trust law was the illinois land trust law.

Zimmerman kiser sutcliffe is a florida law firm specializing in bankruptcy creditor s rights corporate estate planning and probate labor employment litigation real estate tax and workers compensation landmark center one 315 east robinson street suite 600 orlando fl 32801. It actually established the rules for which you could use a unique trust in order to own land. My name is randy hughes mr. Illinois florida indiana virginia north dakota and hawaii.

A land trust or real estate land trust is as the name implies a type of trust. We work to ensure our region s treasured lands will be protected and enjoyed by future generations. Probate in florida is expensive bureaucratic and can take 9 months to 2 years. The florida land trust option is different from an llc in florida because the former is typically is not filed with the state and thus offers greater privacy and anonymity.

Standard land trust agreement identifying the beneficiaries and provisions of the. A trust in legal terms is an arrangement where a grantor or settlor gives property or an asset over to someone else to take care of and hold. Land trust and i want to teach you all the benefits of using a land trust to hold title to your real estate investments. See how much does florida probate cost.

Welcome to the most comprehensive real estate trust website in the world. I want to avoid probate. The two reasons it is not used by every investor are that few know much about it and those who know about it do not know where to obtain trust services at a reasonable cost. Our firm charges 700 for a florida land trust.

If needed preparation of a quit claim deed from a trustmaker to the trustee. It is exceptionally important to first identify your objectives and get the question right. Only adjacent parcels of vacant land should be combined in one trust. It is the law in illinois.

There are currently six states with land trust laws. North florida land trust is a non profit organization committed to protecting and preserving the natural heritage of north florida. Additional setup fee for adding parcels to a trust 250.