Florida Land Trust Trustee

Find out more about how we can preserve the remaining natural resources on amelia island forever.

Florida land trust trustee.

The land trust is created through the execution of two documents. Each state has its own separate laws to govern its land trusts meaning that land trusts differ from state to state. C land trust means any express written agreement or arrangement by which a use confidence or trust is declared of any land or of any charge upon land under which the title to real property including but not limited to a leasehold or mortgagee interest is vested in a trustee by a recorded instrument that confers on the trustee the power and authority prescribed in s. The two reasons it is not used by every investor are that few know much about it and those who know about it do not know where to obtain trust services at a reasonable cost.

A florida land trust is a great vehicle you can use to own real estate in florida whether you are a us citizen or foreigner. In essence what might be binding in one state would have no effect in another state. Land trusts for florida properties. A land trust agreement is a legal agreement under which the trustmaker appoints another person to serve as trustee and the trustee holds legal title to real estate property for the benefit of the.

Land trust services land trust service corporation offers land trust trustee services. Zimmerman kiser sutcliffe is a florida law firm specializing in bankruptcy creditor s rights corporate estate planning and probate labor employment litigation real estate tax and workers compensation landmark center one 315 east robinson street suite 600 orlando fl 32801. When a property is in a land trust a disgruntled partner or heir of a partner can t force the property to be sold if this is put in the trust or a side agreement. The florida land trust is an amazing device which offers numerous benefits to property owners.

This means that for a fee we will serve as trustee of your florida real property just as any bank trust company or attorney would. In choosing a trustee for your property you should be sure that it is someone both knowledgeable about land trusts and trustworthy. By having a land trust trustee sign notes and mortgages you can limit your liability for a default judgment if there ever is a foreclosure. Florida land trusts operate under section 689 071 of florida law also known as the florida land trust statute or the florida land trust act.

There is a fee for setting up a new trust for a client and an annual fee to serve as your trustee.