What is a Title Holding Trust (Land Trust)?
The Title Holding Trust, often referred to as a land trust, is a simple and inexpensive method for holding legal title to real estate or personal property. The Title Holding Trust is a fully revocable grantor trust designed and drafted specifically to acquire, hold, manage and ultimately dispose of real estate or personal property on a confidential or private basis to better protect your assets.
The Title Holding Trust (Land Trust)
is very similar to a regular family living trust, but has some very important legal differences that provide some significant benefits and advantages. Its roots come from the Illinois Land Trust long used to hold title to real property in the State of Illinois.
There are many reasons for, and benefits of, acquiring and holding title to property in a Title Holding Trust. The most common include the need or desire to acquire and hold legal title to real estate or personal property in a confidential or private manner in order to keep the Beneficiary's (owner's) name out of the public records.
Exeter Fiduciary Services, LLC, as Trustee of the Title Holding Trust, acquires and holds legal and equitable title to the real property or personal property pursuant to the terms of an unrecorded Title Holding Trust Agreement.