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…