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LAND DEED OF TRUST THIS INDENTURE, made and entered into this day by and between , whose address is , as Grantor (herein designatedas "Debtor "), whose ,andaddress , isas ,Trustee, asandBeneficiary(herein.

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There are currently six states with land trust laws. They are: Illinois, Florida, Indiana, Virginia, North Dakota and Hawaii. What this means is only those states have specific rules that need to be followed in order for a trust to own land.

Once you find a trusted friend or family member, you then see a land trust attorney who will draw up a contract that states what is happening and the rights of both parties, you and your land trust. Once you both look over the property trust document and you both sign it, you then need to record the trustee deed.

To put a property into a land trust, there are two legal documents involved. The trust itself. The land trust typically names the trustee, who is in charge of the trust. ... This is also usually the one who places the assets inside of the trust.

Trust law in Texas falls under the Property Code while the law of business entities (LLCs and corporations) falls under the Business Organizations Code. Trusts can hold property, of course, but there is no liability barrier against lawsuits as with registered entities formed under the BOC.

There are only six states that have an actual Land Trust statute (or case law recognition) and they are; Illinois, Indiana, South Dakota, Florida, Virginia and Hawaii.

Before you start with the documents, first you need to decide the name you are going to be using for your properties. Once you find a trusted friend or family member, you then see a land trust attorney who will draw up a contract that states what is happening and the rights of both parties, you and your land trust.

A land trust is created by signing a trust agreement between you and a Trustee who will manage the trust property. After the trust agreement is signed, you then transfer your property, by deed, to the trust and record it at the county clerk and recorder's office.

With many a choice of set-up options varying in price, costs for a suitable land trust service will usually set you back somewhere around $300 to $500.

A land trust ordinarily continues for a definite term, such as twenty (20) years. If the beneficiary does not extend the trust term when it expires, the trustee is usually obligated to sell the real estate and return the net proceeds to the beneficiary.

A land trust is a private agreement, where one party, the trustee, agrees to hold title to property for the benefit of another party or parties, the beneficiary(ies). The one who establishes the trust is the settlor or grantor.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232