Posted by WAREIA on March 28, 2006 at 22:44:37:
In a Properly formed Title Holding Land Trust the title is deeded to the Trustee not the Trust. The Trustee should be a Corporation licenced and bonded and in the sole business of holding title for the benefit of it’s members.
A THLT is a soley Beneficiary Directed Trust so be very careful who and how you name Beneficiaries.
There are also maximum time limits a properties title may be vested with a Trustee in a Land Trust.