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@nuvisionenterprises86307 жыл бұрын
Is there a way to obtain a copy of the materials you provided during this lecture.
@daftmo111 жыл бұрын
Um..no worries!..you are establishing the 'Land' trust for anonymity control nothing more!..If you are looking for 'protection' establish an LLC as your 'front' for your venture.If you are looking for 'Asset + Tax consideration' you can consider establishing a 'Donor program(501c)' directed by the LLC. Some things to consider!?..
@harlemworldking79425 жыл бұрын
charles keeton Wow.u said sum gd things.. U know something....
@YakMotley7 жыл бұрын
Thanks for this video ! You saved my skin on this one!
@cris442605 жыл бұрын
This guy reminds me of you better call saul
@ALowe-d1d Жыл бұрын
Question the 250.000 grouping is the amount protected under the homestead act?
@ClintCoons Жыл бұрын
Depends on the state. 250k is the number associated with selling a personal residence and not being taxed.
@NicholasVaccariello-pr2cg3 ай бұрын
How do you find the second created trust? Subpoena the bank….. But what if they move it to a different financial institution….? The only place housing the trust would be the bank right? And the grantor/ trustee/ beneficiary but if they are trying to screw the beneficiaries they would be kept in the dark
@nicweethee8 күн бұрын
If you create an LLC entity does that have to be notarized as well?
@ClintCoons6 күн бұрын
It does not
@LittleLikeness9 жыл бұрын
How could your scenario with the legitimate transfer of Assignment to another LLC, work if your notarized assignment has a filled out LLC name when dated?
@loveflying44885 жыл бұрын
That assignment document isn't part of public record. It is your private document. If you are willing to defraud you could shred that document and make a new copy with a new LLC listed
@donireland62185 жыл бұрын
@@loveflying4488 I think the bugger issue would be when the lawyer asks for (and gets via discovery) the financial documentation, they'll see that LLC 1 had been receiving the funds. If LLC 2 owns the LT (as you're claiming with that assignment), then you've co-mingled funds which will invalidate and merge the LLCs.
@mariefrancois8683 жыл бұрын
I always wanted to know how to put a land trust to work. Thanks.
@ClintCoons3 жыл бұрын
Glad to help
@aubreymoton99714 жыл бұрын
show me how to set up a land trust,to purchase this property.in memphis,tn ...will you help me ,by setting up a trust...
@ClintCoons4 жыл бұрын
Yes we set up land trusts for TN real estate
@vlad22010 жыл бұрын
14:50 So why exactly can't one LLC assign the trust to another LLC?
@toddsouza91610 жыл бұрын
Good question, please explain Clint. thx
@waltermackay5 жыл бұрын
Hi Vladimir. Were you able to find the answer to your question? and also why you can't directly transfer title from one LLC to the other on 13:00?
@loveflying44885 жыл бұрын
It is because doing so would constitute a change in ownership for the property. LLC1 is transferring ownership to LLC2 which may trigger a reassessment depending on jurisdiction. By having the properties within a land trust, and assigning beneficial ownership to first yourself and then LLC 2, ownership of the underlying asset is never changed. The land trust is always the legal owner of the property. What is changing is beneficial ownership.
@alliesteamc35463 жыл бұрын
How about series LLC?
@ClintCoons3 жыл бұрын
Great tool. Check out my KZbin channel for several videos on Series LLCs
@rcruz4015 жыл бұрын
Can you still move the property into a Trust even though you have a heloc on it that you owe along with the main Mortgage?
@ClintCoons5 жыл бұрын
Yes, you can although it may violate the due on sale clause however, this does not imply your bank will accelerate the mortgage.
@southernstatemanagement3308 жыл бұрын
how would I be able to get a copy of the land trust?? thank you really appreciate your information and your energy
@UltimateBargains6 жыл бұрын
2:36 "It's going to show that you're the Trustee..." No, it will show that you're the *Trustor.* Someone else, other than a beneficiary, must be nominated as the Trustee.
@zackattack43134 жыл бұрын
Not exactly true. You can be both trustee and beneficiary but not the SOLE beneficiary.
@user-tr8dr4nz7o2 жыл бұрын
If someone sues the land trust (the owner on the title of the property) will the holdings (interest assignment of property to holdings) protect the trust? Or would there be no protection? I have heard of trusts being signed over to the victims of the cases.
@ClintCoons2 жыл бұрын
Yes that is the purpose of the assignment - to make the LLC pick up the liability and not you personally.
@Bey11ktb3 жыл бұрын
Trust are 30 pages long??
@ClintCoons3 жыл бұрын
They can be
@mytunes29223 жыл бұрын
Hi Clint, While researching Land Trusts i came across a publication by Washington & Lee University School of Law that states that the beneficiary does not hold legal or equitable title in a land trust. The beneficiaries interest is treated as personal property. Which would imply that it is immune from personal debts just like other personal property is treated. Is that true or is there something more to that ?
@ClintCoons3 жыл бұрын
Not at all. Sherif's sale is all you need to take someone's personal property. This assumes you have a judgment you are executing on.
@mytunes29223 жыл бұрын
@@ClintCoons Thank you
@JonathanScheele5 жыл бұрын
The statute [12 USC 1701j-3(d)(8)] and the federal regulation [12 C.F.R. 591.5 (b)(vi)] say the transfer of a home into an inter vivos trust does not trigger the due-on-sale clause. However, the borrower must remain the beneficiary and must be an occupant. If you use a land trust on a non-owner occupied property, you are not protected from the due on sale clause. Statute "...a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property;" Regulation "A transfer into an inter vivos trust in which the borrower is and remains the beneficiary and occupant of the property, unless, as a condition precedent to such transfer, the borrower refuses to provide the lender with reasonable means acceptable to the lender by which the lender will be assured of timely notice of any subsequent transfer of the beneficial interest or change in occupancy"
@jeffokoro47035 жыл бұрын
Great content
@pamlogan69204 жыл бұрын
I’ve tried to do business with this company and had an appointment with a non attorney sales person that was giving me legal advice. No, I’m not rolling with it Next!
@augustoortizdevillate99923 жыл бұрын
who are you doing business with? I need someone to help me with these things
@jasonclearfield30654 жыл бұрын
dude looks like if John Cena and Saul Goodman had a lawyer
@cris442605 жыл бұрын
Is this a course I can take from this guy?
@ClintCoons5 жыл бұрын
Yes andersonadvisors.com/bulletproof-ss/
@aprilkeller38615 жыл бұрын
Are you able to answer a question quickly if I ask
@ClintCoons5 жыл бұрын
huh?
@aprilkeller38615 жыл бұрын
@@ClintCoons got it figured out but thank you for reply
@donireland62185 жыл бұрын
Is there a way to buy directly in the name of the trust without having to set up a bank account? I'd rather not have to setup an account for ever LT if I can avoid it.
@ClintCoons5 жыл бұрын
Yes if you are buying for cash
@donireland62185 жыл бұрын
@@ClintCoons I knew I had to use cash. But I thought you said in the video that I'd have to put the cash in the LT's bank account and use that to buy the property.
@ClintCoons5 жыл бұрын
@@donireland6218 You do not. Many people fund it with cash from other sources e.g., personal account or LLC account.
@donireland62185 жыл бұрын
@@ClintCoons at 0:50, you said that I'd need to have a bank account in the name of the trust.
@ALowe-d1d Жыл бұрын
We need to talk.
@ClintCoons Жыл бұрын
If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession
@guloguloguy7 жыл бұрын
WHERE/HOW does One even begin to understand and control One's business, and personal finances, properly, and effectively, within the MAZE of rules, and regulations, that thwart the little guy?!.......
@tmonique116 жыл бұрын
guloguloguy hire a financial advisor lol
@zackattack43134 жыл бұрын
On the private side 🤔
@gearschwinn5855 жыл бұрын
20 properties(=) 20 land trust? Seriously!!!
@ClintCoons5 жыл бұрын
Think of it another way. How many properties would you be willing to lose in a lawsuit - 3, 5, 10, 20? Your answer will determine the level of protection you should consider.
@mgmtcp3 жыл бұрын
Lol great point
@isabelduarte86565 жыл бұрын
I hear you . Yes cousin my name off my Father and mother deed of Trust on the deed can see my name wow I have try to get help that cousin fraud forgerty my name wow. Now I am down in out. Can't hang no more after all these years living a free life in both my deseced parent porperty. I can be at home. Wow . Thank you Sir.
@ClintCoons5 жыл бұрын
Horrible situation and unfortunately it is more common than many people realize.