Mr. Land Trust, Randy Hughes, is back today with Part 5 of his awesome series about all things land trust. (If you need to catch up, start here with Part 1.)
In the last lesson you learned all about Trustees and their role in the Land Trust structure. You also learned that picking the proper Trustee is VERY important and can help you structure a Trust that is hard to find, hard to serve and hard to sue. Our goal is not to avoid our just obligations in life, but to protect against frivolous lawsuits that drain us of money, time and energy.
Today’s lesson will educate you about who should be the Beneficiary of your Land Trust. You might say, “Well, of course, I should be the Beneficiary of my own Land Trust.”
But, that may not…
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.