Create a Land Trust - Your Real Estate Course

Ready to Create a Land Trust for a Property? Fill this out first…
NOTE: ONE Sheet PER Property

Land Trust Creation Worksheet

The form used to gather the essential information needed to create a Land Trust

"*" indicates required fields

--Your Information--

Today's Date

MM slash DD slash YYYY

Your Name:*

First Last

Your Cell Phone:*

Your Best Email:*

Your Address:

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code

Name of Your Company/Business (Optional):

--Deed Recording Info--

After the Deed is recorded, it will be mailed back to the information you provide here.

What NAME do you want the Recorded Deed sent back to?*

This could be YOU or your Entity. it will appear at the top of the Deed.

Address Where you want to send the Deed after it's recorded?*

Please specify the address where you want the County to mail the recorded Deed back to you. This could be your residence or your office/Mailbox address.

Street Address Address Line 2 City State ZIP Code

--Deal Information--

Some assorted bits of info needed here.

Date You Intend to Close on This?*

We'll use this as the date to create your Land Trust.

MM slash DD slash YYYY

WHY Do you Want to Put This Property into a Trust?

You may choose more than one option here.

Estate Planning Purposes

Asset Protection

Privacy

Saving Costs/Money

To Avoid Paying Expensive Transfer Taxes & Fees

Because I was told to do it this way!

Is this a property you already own or are you buying now (investment)?

I already own it

I'm buying it

Is this property your PERSONAL RESIDENCE?

Yes

Do you live in a HOMESTEAD State?

If you live in a Homestead State, like FL or TX, and want to take advantage of the Homestead Exemption for your personal residence, click YES here so that we can add the specific language needed to the Deed.

Yes

Please describe the deal you're doing (Type of deal, nature of everything, etc.):

Are you buying this house from someone? How?
Is it a property you already own?
Please enter ALL the pertinent details here!

--Current Owner/Seller Information--

This is where you'll enter the existing owner's information.

How many Current owners of the property are there?:

This is usually indicated on the Deed or in public record. We need to know all of them here.

Name of the Current Seller/Owner (1):*

Please show it exactly as it currently appears on the deed if you can.

First Middle Last

COUNTY where Seller 1 Lives?*

This is needed for the paperwork.

Name of the Current Seller/Owner (2):

Please show it exactly as it currently appears on the deed if you can.

First Middle Last

COUNTY where Seller 2 Lives?

This is needed for the paperwork.

What is the RELATIONSHIP between Seller/Owner 1 and 2?

This is typically "a married couple," but it could be something like 'brother and sister' or 'business associates'

Name of the Current Seller/Owner (3):*

Please show it exactly as it currently appears on the deed if you can.

First Middle Last

Name of the Current Seller/Owner (4):*

Please show it exactly as it currently appears on the deed if you can.

First Middle Last

--Trust Property Information--

Here is where you'll enter the Property Info of the house you're putting into Trust.

Full Address of Property to be placed in Trust*

Street Address Address Line 2 City State ZIP Code

COUNTY Where the Property is Located*

Is this property located in a specific Municipality/Township/City, etc.?

Most properties don't need this, but if it does, you should know.

Yes

Name of the Special Municipality where this property is located

FULL & Accurate Legal Description:*

Please either copy & paste the FULL legal description here, or upload it as a doc if you can using the box below.
THIS MUST BE 100% ACCURATE!!
It will be used in all of your paperwork, so it's pretty imporant.

Upload Document containing Legal Description (Optional)

You may upload a document file (or 2) that has the full & correct legal description. Best if you find the Existing Deed if possible.

Drop files here or

Accepted file types: pdf, doc, docx, txt, Max. file size: 256 MB.

--Financing Info--

This is where you'll enter some specifics of the loan/financing involved here.

Are you buying this property SUBJECT-TO An Existing Mortgage?

Yes

Does this property have an existing mortgage?

Pick one of these choices

How many mortgages does this property have?

Pick one of these choices

Loan Servicing Company Information (1st)

Name of the FIRST Loan Servicing Company:

Phone Number of the FIRST Loan Servicing Company:

Loan Number (1st)?:

Address of the FIRST Loan Servicing Company:

Street Address Address Line 2 City State ZIP Code

Loan Servicing Company Information (2nd)

Name of the SECOND Loan Servicing Company:

Phone Number of the SECOND Loan Servicing Company:

Loan Number (2nd)?:

Address of the SECOND Loan Servicing Company:

Street Address Address Line 2 City State ZIP Code

Loan Servicing Company Information (3rd)

Name of the THIRD Loan Servicing Company:

Phone Number of the THIRD Loan Servicing Company:

Loan Number (3rd)?:

Address of the THIRD Loan Servicing Company:

Street Address Address Line 2 City State ZIP Code

--Trust Information Section--

In this section, we'll get to the vital information we need to properly form your Land Trust.
Do the best you can to answer these questions, but don't worry if you get stuck. I'm here to help!

What are you going to NAME your Trust?*

You can name it whatever you want, but keep in mind a couple quick strategy ideas...
Quick-turning this house? We may want to name it after the existing seller's last name. (Ex: "Smith Family Residential Land Trust")
HOLDING the property long-term? We may want to name it after the property address. (Ex: "5678 Main St. Residential Trust")

What is the Address of your Trust?:*

Do NOT use your own personal residence if you can help it! (Privacy)
Recommend you use a UPS Store or other Business Address.

Street Address Address Line 2 City State ZIP Code

--Trustee Information--

Here is where you'll share the essential Trustee Information.

Will you use an ENTITY or an INDIVIDUAL as your Trustee?

Entity (e.g. LLC or Corp)

Individual (someone you know, like & trust)

What is the NAME of the ENTITY you'll use as Trustee?

What is the EIN Number of this Entity?

WHO will be signing on behalf of this Entity?

This is the person who has signatory powers of this entity. This is usually you, but it could be someone else. Put that name here.

What is this person's TITLE?

Put the person's TITLE in which capacity they will be signing for the entity. This is usually: Owner, Agent, President, or Member. Pick the appropriate choice and put it here.

Do you have all the associated paperwork for your entity?

This includes: Articles of Incorporation (naming who's who and what's what), or Certificate of Good Standing (if required), etc.
If you're signing on behalf of an entity, the closing agent will want to insure that you have signatory authority for that entity. The Notary will need to verify your identity as such.

Yes, of course I do!

No, but I can find it & have it ready.

No.

What is the FULL Name of the person will will be your intended Trustee?

NOTE: We will NOT have their full name appear on public record. We'll use their first initial, last name (ex: J. Smith). But put their FULL name here, please.

First Middle Last

Phone Number of Trustee:

What is the Address of your Trustee?

Documents may occasionally be mailed here.

Street Address Address Line 2 City State ZIP Code

Will You Use a Successor Trustee?

This is optional but HIGHLY recommended.
A Successor Trustee is someone who can seamlessly step in to sign papers or do whatever the main trustee does in case the main Trustee isn't available for whatever reason. They will not show on public record.

Successor Trustee Information

What is the FULL Name of the person will will be your Successor Trustee?

NOTE: We will NOT have their full name appear on public record. We'll use their first initial, last name (ex: J. Smith)

First Last

Phone Number of Successor Trustee:

What is the Address of your Successor Trustee?

Documents may occasionally be mailed here.

Street Address Address Line 2 City State ZIP Code

--Beneficiary Information Section--

How Many Beneficiaries Will There Be?

You may have more than one Beneficial Interest in this Trust.

One

Two

Name of Your Ultimate/1st Beneficiary?:

This is who will own the Trust that owns the property.
Could be YOU, your ENTITY, You & your spouse, or even another TRUST!

Beneficiary's Phone Number:

Name of Your 2nd Beneficiary?:

Enter the 2nd entity that will own the Trust that owns the property.
This could be your spouse or another ENTITY.

Beneficiary 2's Phone Number:

Beneficiary's Address:

Street Address Address Line 2 City State ZIP Code

Beneficiary 2's Address:

Only fill this out if Beneficiary 2's address is different than Beneficiary 1. Otherwise, we'll assume it to be the same.

Street Address Address Line 2 City State ZIP Code

Will You Use a Property Manager?

This could be anyone you want to use.

--Property Manager Section--

Name of Property Manager?:

Phone Number of Property Manager?:

Address of Property Manager?:

Street Address Address Line 2 City State ZIP Code

Maximum Amount of Repairs for Property?:

Enter a NUMBER only (ex: 1000)

Term of Management Agreement (in years)?:

Enter a NUMBER only (ex: 5)

Monthly Compensation for Property Manager?:

Enter a NUMBER only (ex: 100)

That's All! Thanks for filling out this form!

What Happens Next?

I'll take a look at this and get back to you with any follow-up questions.
After that, we'll discuss payment.
Upon completion of payment, I'll begin putting the paperwork together for you.
When that's done, I'll email you a package with full instructions and provide support from there.
Won't be long before you're able to sleep at night, knowing your deal is protected!

Do you have any questions, comments, or concerns? Put them here!