Business Development
Land Trust Essentials: "Don't Blame Me… I Just Work Here!"
Hey Moguls, Randy Hughes is back again with another installment of his awesome Land Trust series.
In the last lesson you learned that whoever holds the Power of Direction has the ultimate power over the Trust and the property within. While there are many reasons and benefits to assigning the POD, you learned to tread lightly when it comes to assigning the POD to someone other than yourself (the Beneficiary of the Trust). While assigning the POD can be a good asset-protection technique, the mere fact that once you put your property into a Land Trust you are no longer the owner is a huge psychological benefit.
Let’s let Randy take it away…
Not the Owner
There are few (if any) benefits to owning investment real estate in your own name (especially when you are considered…
Randy Hughes
bought his first single family home for rental while in college in 1969 and hasnít looked back since. Heís since purchased over 200 houses, and has developed a special expertise focused on how to protect your assets and how to become more private with your personal life through the creative, 100% legal and ethical use of Land Trusts. On the topic, Randy has written extensively for national real estate publications, has published a number of Privacy and Asset Protection books including Land Trusts Made Simple, and has been a licensed Continuing Ed Instructor for the Illinois Assoc. of Realtors for 20+ years. He even teaches land trust law and administration to attorneys.
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