Florida Land Trusts - Posted by AlexB

Posted by colvegas on April 09, 2006 at 17:30:20:

Mr dutch is absolutely correct each state has exemptions to the federal laws regarding land trusts.
Yes any natural person or corporate entity( LLC, C-corp, another trust, an IRA etc) can be a beneficiary in the land trust that is called a silent transfer of beneficial interest to your designated beneficiary.
For example for trusts to be legal in florida you need to have a RICO (Racketeer Influenced and Corrupt Organizations) provision in the trust agreements.
A real expert on florida land trust is of course Billy Bronchick, but Mark Worda is very well versed in them along with Bill Gatten… among others.
Iam not an attorney but work with land trusts…
If I can help further feel free to call me at 702-400-7632…

Florida Land Trusts - Posted by AlexB

Posted by AlexB on April 06, 2006 at 13:52:52:

Can an LLC (or Corp) be a beneficiary in a Florida land trust?

Re: Florida Land Trusts - Posted by Ken-Orlando

Posted by Ken-Orlando on April 15, 2006 at 13:27:16:

Alex-Check out www.CFRI.net it is the Investor Club in Orlando and they are holding a seminar on Land Trusts this month.

Re: Florida Land Trusts - Posted by dutch

Posted by dutch on April 07, 2006 at 08:33:32:

Anybody can be a beneficiary of a trust.

Is there a “Florida” land trust? Per Bronchick, his trust is based on what some call the Illinois Land Trust, only because it started there. But regardless of the state, they are just a form of a revocable trust. And they are called, TRUST AGREEMENT. Now, some states have specific laws about trusts, while others do not. THAT you need to know.

Get Bronchick’s course at legalwiz.com or someplace here on this site.