Posted by colvegas on April 19, 2007 at 24:44:57:
The legal stipulation is that TN per state law does not recongnize what is called the doctrine of equitable conversion so in essence the beneficial interest held in the trust is seen as realty not personalty so the asset protection features are not there from the state perspective.
You still get the other benefits of the trust since you are follwoing federal law if done legally correct.
If I can help further feel free to call me at 702-400-7632.
Do some reading on title holding land trusts in regards to TN and LA laws on them.