Jacksonville Florida Living Trust Property Record
Description
How to fill out Florida Living Trust Property Record?
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FAQ
The Florida Land Trust Act allows a revocable trust to own real property. The trust, then, is owned by its beneficiaries. In fact, the beneficiary or beneficiaries have full control of the property and may even add additional property to the trust. There's no firm deadline for when the trust ends.
Trusts are not public record, and for some, privacy is a key consideration when creating a trust. Unlike a last will and testament, a revocable trust does not get deposited with the probate court in the State of Florida upon the death of the Grantor or Settlor (i.e. person who created the trust).
How to Get a Copy of a Trust Make a written demand for a copy of the Trust and its amendments, if any; Wait 60 days; and. If you do not receive a copy of the Trust within 60 days of making your written demand, file a petition with the probate court.
In a Florida land trust, a trustmaker appoints another person to serve as trustee to hold legal title to real estate property for the benefit of the beneficiary (typically the trustmaker). The prospective real property owner can be both the trustmaker and a beneficiary of a land trust.
Florida is a ?mortgage-only? state. Florida does not recognize deeds of trust in its state law.
As long as the trust allows it, and the trustee avoids self-dealing and conflicts of interest, the trustee can sell trust property to whomever he or she chooses, as long as it is sold for market value.
In a trust, assets are held and managed by one person or people (the trustee) to benefit another person or people (the beneficiary). The person providing the assets is called the settlor.
The short answer is no.
It is a private document which, unlike a Will, is not entered into public record. You should be aware that if you own any interest in real property, your deed should be filed as a matter of public record. However, this is the case with all real property, whether or not you place it in a Living Trust.
