Add Liquidating Trust Agreement eSign with airSlate SignNow

Complete initials warranty

is John's Rosina here with Jeff Greene and we're gonna go over a land trust agreement today Jeff how you doing I'm doing great how are you John fantastic why don't you explain to these fine viewers how to fill out a land trust agreement or property that they're purchasing well this is most likely the number one ask question in real estate what's a land trust how do I use it people don't understand it it is very very simple there's three parts of a trust agreement basically you've got the trustee or the manager who does the business on behalf of the trust you actually have the owner who is the beneficiary or settler or grantor the actual owner and the third part of it is just the trust itself a trust is actually a vehicle for holding property and the way we do it is for about last 14 to 15 years we've been buying everything in a land trust we have LLC's as the trustees other LLC's possibly as the beneficiary and that's how we reported on our tax return which is very important land trust go way back and the names of land trust going back Walt Disney World actually bought all of his property that he has an Orlando and they did it through different agents and different land trust names and therefore he was able to get away with it because if anybody caught wind of what he was doing they would have turn around jacked up their prices or wanted a lot more money for their land if they knew that they were going to build this Disneyworld right there in Orlando oh so that's the history of the Land Trust that goes way back and there was a lot of land in Florida and that's why they were doing land trust because it was the easiest way to facilitate the sale so as we spoke about that the good parts about it in white basically have the date right here a lot of lenders they want to see you ad right here to the right of the date under agreement dated so a lot of times we'll put that depending on if you use a power of money private money or you know really cares where they put you ad under agreement dating and then put the number right there so here you have instinctive measures ank one of our corporations there's beneficiary or actual owner of the property now you're not gonna see them in public records there's not gonna show up anywhere and this trust agreement goes in your file cabinet the only people they actually only ever see it as a title company to sell it they want to make sure they're selling it to the right people and given the right people the proceeds so it's very basic you've got your beneficiary your actual owner you've got your trustee or manager which is Palm Beach investor association...