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Who wants to lose their house?

Tuesday, November 25th, 2008

Nobody that I know wants to lose anything that they have worked hard for, especially their home and although tumultuous times brings out the best in some people they bring out the worst in others. What does all of this have to do with a land trust? A land trust is a vehicle for holding title to real estate for a beneficiary. In other words, once you convey your real estate into a Land Trust, the trust is the only publicly revealed owner listed on the deed. What does that have to do with the price of tea in China? you ask. With the help of a special form of llc called an FLP or Family Limited Partnership and a land trust you may be able to shield yourself, your family and your assets from unscrupulous cons and the frivolous lawsuits they lodge. One of the benefits of this arrangement is protecting the home from the homeowners personal liabilities or debts. Thus, you can combine the asset protection benefits of a Nevada LLC with the privacy features of a land trust and retain control of the property and protect your valuable assets.