Problems with Land Trusts

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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.

[@ClintCoons]

Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 aba.link/f9f21d

[@edmandell3064]

If I use an Land Trust in conjunction with an LLC don't I avoid the problems you stated?

[@daleanderson1727]

Good information, appreciate you sharing it with us.

[@LittleLikeness]

HI Clint, great video! In reference to your remark about the potential case where you can be identified as all 3 positions, could that only forsake your privacy as the Grantor if you are asked to submit the Trust Agreement during proceedings? Also, while you were discussing if you get sued as a beneficiary, you are liable and unprotected in the Trust, you mentioned that it is a Revocable Trust. So if someone came and took your rights and control over your position as Beneficiary for instance, and you are not the Grantor, couldn't the Grantor revoke and alter the beneficiary from their position when the person who filed the Rid took that place? I hope that makes sense, so now someone places themselves in your beneficiary position, controlling this Trust, then the true owner of the Trust can revoke their position? And where does that leave the original, liable beneficiary? I am new to learning about all of this and study it on my own at home so I look forward to hearing back from you! Thanks.

[@bastienclarke1810]

Nice

[@emjohtrader9128]

So let me get this straight, this video only applies to CA? Is the situation different say in AL? Also in the previous video you mentioned that if you are getting a property free and clear with no loan, you want to fund the deal with a bank account in the name of the Land trust, if you had intended to transfer the property to a domestic LLC, can you then just have the payment for purchase come from the LLC's account? Also the Merger (GTB) problem/weakness is it only in California or countrywide?

[@ClintCoons]

You can use the land trust strategy in any state. The merger issue is solved with a properly worded trust document.

[@EricYow]

How can I acquire the forms/materials you reference in this series? I'm an attorney and REI in TN.

[@ClintCoons]

I do not know of any forms available online.

[@John-zh6ld]

So the moral of the story is use the land trust as it should be but not in California.

[@Life_Is_Hilarious]

:)

[@yoandervmoney8041]

This guy does not know what he is talking about. I’ll make him spend so much time and money through discovery he will pull his hair before he can get to my assets. He doesn’t do deals.