Do Land Trusts Protect Your Real Estate Assets? (Transfer REAL ESTATE!)

Clint Coons Esq. | Real Estate Asset Protection

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In this video Clint Coons, Esq. will discuss whether or not a land trust provides asset protection for real estate investors.
Do land trusts protect your real estate assets?
Clint Coons, Esq. has spent several years learning the ins and outs of the real estate market. All of this was well spent as it produced an individual who knows what they are talking about.
Learn about Real Estate & Asset Protection from Clint Coons, Esq, and Toby Mathis, Esq. at our next all-day free Livestream 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: 👉 Save Your Seat: aba.link/yk4
This is especially true when it comes to the means of asset protection.
Take a step in the right direction and learn more about how a land trust can protect your assets in real estate.
Learn How to Name a Land Trust 👉 • Naming a Land Trust - ...
Like almost everything, there are pros and cons to choosing a land trust, so find out if this is the right option for you.
Thank you for watching our content! We hope that the information provided in our video will prove helpful/ useful to you in your effort to protect your assets.
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#landtrust #realestateinvesting #assetprotection

Опубликовано:

28 авг 2022

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Комментарии : 46

@ellenoir5678 Год назад

Coach Clint always coming through with the game plan!!

@ClintCoons Год назад

😀

@PureMagma Год назад

He's the best Defensive Coordinator in the game!!!

@duracell87 Год назад

Thanks for the video

@AberrantArt Год назад

Best channel out there for asset protection. 👌

@ClintCoons Год назад

I appreciate that!

@andriyatomick9732 4 месяца назад

thanks

@ceomom8 Год назад

Omg this is great information 🤗 thank you

@ClintCoons Год назад

Glad it was helpful!

@presidualist4587 Год назад

Can you make a video particularly on anominity and the best methods of obtaining it? I believe that would be a very good video and intuitive.

@ClintCoons Год назад

Noted!

@ClintCoons Год назад

Will do

@Vacilando22 Год назад

I second this request!

@evangonce9743 Год назад

Hi Clint. 👋 Appreciate all your stuff. Can you cover signing a promissary note with a land trust, please?

@ClintCoons Год назад

Excellent idea

@zacha157 Год назад

Clint, great video as usual. Could you do a video or series on using shared appreciation mortgages or participating loans given the results of the recent Deitch tax court case. It's a broadly applicable but little understood investing technique especially if used by SDIRA or Solo K's. Thx.

@ClintCoons Год назад

Will do.

@zakmitchell4960 Год назад

Button was liked 👍 good video

@ClintCoons Год назад

Much appreciated

@jaydemas4614 6 месяцев назад

Love all your videos and thank you for sharing. Would love your thoughts on this scenario. For a property in TX with a mortgage. Would you use a LT and assign beneficial interest to a Texas LLC that is member managed and the member of the Texas LLC is a WY LLC that is manager managed by my husband and myself. Would this be the proper way to set up asset protection and anonymity or would you recommend something different?

@ClintCoons 6 месяцев назад

If you are concerned about the lender accelerating your note then yes what you propose is how I would structure your deal.

@naurnah98 Год назад

Hey Clint, what about transferring title of a condo (with an HOA) from own name into a land trust? Is HOA approval required?

@ClintCoons Год назад

That is typically how it is done.

@naurnah98 Год назад

@@ClintCoons Thanks Clint! What might be some reasons that HOAs would typically deny such a request? I assume HOAs would not want to grant a title transfer which would make it harder for them to exercise their rights against an owner should that become necessary (eg delinquent on HOA fees, liability)

@ClintCoons Год назад

@@naurnah98 The HOA's do not want the owners renting the property is the #1 reason and to hold individuals accountable not entities.

@naurnah98 Год назад

@@ClintCoons Is your Firm able to assist with dealing with the HOA’s in case a title transfer request is denied?

@ClintCoons Год назад

@@naurnah98 We are not in a position to provide that service.

@AberrantArt Год назад

Is there a reason or benefit to the Trust being created with you as the Beneficiary, and later you assign beneficial interest to your LLC? Instead of just creating the trust using two LLC's (1 for Trustee another for Beneficiary and nothing with your personal name)???

@elephant637 Год назад

Excellent question.

@chizzyike Год назад

An LLC cannot usually be designated as a trustee. Clint, please correct me if I am wrong.

@ClintCoons Год назад

The trust is created with the property owner as the beneficiary to avoid any transfer tax issues when the property is deeded into the trust. After the property is transferred into the trust the beneficial interest is assigned to the LLC. If you want anonymity then consider using a nominee trustee (I personally have served on over 5k trusts if not considerably higher) or a WY LLC. If you use a WY LLC it CAN NOT receive any compensation for its services.

@AberrantArt Год назад

@@ClintCoons I will keep you in mind for the near future as a Nominee Trustee. 👍I currently have a set up as you teach, a Trust that holds a WY Holding LLC, which holds subsidiary LLCs for active and passive income. I also have a separate WY LLC that's just floating outside of everything, that's currently not being used. If I use that as a Trustee, would you suggest moving it into my holding LLC / Pointing to my Holding LLC as the member? Right now that floating, lone LLC is used for signing up for software services. It has no bank account or taxes filed.

@ClintCoons Год назад

@@AberrantArt Yes I would put that one under our living trust.

@TheNAVagator 4 месяца назад

So I am understanding of all of the information here, but just to clarify, I would buy the property on my personal name, and then deed it into the land trust afterwards? Wouldnt that all become public information? Lender would obviously know that the property is in my name and that would be public information. And then after I deed it to the land trust, the lender would know that I put it into a trust so couldnt they call "due on sale"? And on top of that, if a creditor wanted to know, they could see that I was the previous owner and then put it into the trust.......

@ClintCoons 4 месяца назад

Yes everyone could see the property was transferred to a trust but you would not be listed as the trustee. You are in the chain of title but not on title.

@wendyjin1424 Год назад

Do you know what businesses Secured Land Transfer, LLC does?

@ClintCoons Год назад

I do not but it sounds like a marketing term. Where did you come across it?

@chuckhager3545 Год назад

So am I not protected if I have 5 houses, each in their own land trust, and the trustee of all 5 trusts is my CA LLC which is owned by my WY holding LLC, and the beneficiary of each land trust is 5 separate WY LLC's ?

@ClintCoons Год назад

Nice. That sounds like a solid strategy.

@user-pz6bs2xw5x Год назад

Major title company in Las Vegas will not issue title insurance in a land trust. I may need to close in an LLC and then quit claim to the trust. Any thoughts and has this happened before?

@ClintCoons Год назад

Look at National Real Estate Insurance Group or CHUBB. Also do not refer to the trust as a land trust only a grantor trust when seeking insurance.

@user-pz6bs2xw5x Год назад

@@ClintCoons Yes, there was nothing in the title that indicated a "land trust". Underwriters said the verbiage in the trust itself regarding the Trustees, Trustor and Beneficiary and the powers of each that make it a Land Trust and that cause underwriting to be unwilling to insure.

@ClintCoons Год назад

@@user-pz6bs2xw5x Why not just use the LLC if you can close in an entity?

@user-pz6bs2xw5x Год назад

@@ClintCoons That's what we decided on to get it closed and avoid further delays, then can quit claim to LT after close.

@ClintCoons Год назад

@@user-pz6bs2xw5x Not sure if you need to move it to a LT after closing. Why not leave it in the LLC?