Why form a Land Trust?
A land trust is a document we create that allows your property to be held privately so your name does not appear on the title in the public records. Let’s say you get in a car wreck. You have $1 mil of insurance. But you hit a stock broker & you get sued for $3 million. If you own your house and investment properties in your own name, the lawyer suing you will easily find your house and any other properties in the public records. If you own a home, it shows some financial stability and the lawyer will be much more likely to file the lawsuit. The opposing attorney can immediately have the sheriff pull up in front of your house, bang on your door while you are eating dinner and hand you your lawsuit in front of all your neighbors. However, when you have your house in a land trust, your ownership is hidden. Your land trust does not have to be filed in the public records. It keeps your ownership private. Nobody has to know you own your house but you.
