Are most Attorneys and accountants familiar with the Equity Holding Trust or the workings of the “Title-holding Land Trust” in general?
No (not by any means). As a matter-of-fact, in most states where the title holding land trust is not statutory, were one to interview 100 attorneys, perhaps twenty-five or thirty might be familiar with, and closely accustomed to working with trusts in general; then of those, maybe only one might be reasonably well versed in the specifics and subtleties of “title-holding” land trusts: then out of a hundred of those, you might find one who has ever heard of the Equity Holding Trust. As mentioned in a preceding question, that which invariably happens is that an uninformed attorney will strongly advise (if not insist upon) forgoing the myriad safety features and protections of the Equity Holding Trust in favor of doing something he or she better understands, and for which they can charge more (Lease Option, Wraps, Contracts for Deed, etc. These are no longer viable in Texas due in my view to the correct legislation being enacted in 2005 PM): precisely the very creative financing schemes fr
Related Questions
- How is the propertys "mutually agreed value" determined at the inception of the Equity Holding Trust, since there is no sale price per sé?
- Are most Attorneys and accountants familiar with the Equity Holding Trust or the workings of the "Title-holding Land Trust" in general?
- What might be the standard costs for establishing an Equity Holding Trust?
