Posted by Buddy Schultheis on May 22, 2000 at 19:15:07:
I have been trying for some time to find someone who has information on doing what you described, with one difference. I want to use Bill Gatten’s Pactrust to control the property and then “sell” a beneficial interest to a Roth IRA. I see this a being an excellent tool for investors, realtors and Investment Advisors. I have information from Mid-Ohio and Entrust that says this can be done in Florida. I would like to market this as a planning opportunity for RE agents and investors to receive astonishing returns on minimal investments (or theoretically no capital out lay after resident beneficiary comes into the picture
Can you provide any feed back on the viability of doing this type transaction with the land trust, resident beneficiary, non-resident beneficiary (Roth IRA) and the corporate trustee?