REI Wealth Monthly Issue 15 | Page 46

IS THE SECRECY OF A LAND TRUST LAWFUL? RANDY HUGHES Since title to property ownership is public information So, why is it important to record title in an individual’s many real estate owners and real estate investors name or the Trustee of a land trust? Everyone who opt to take title to their real estate investments in owns property places in the public records some land trusts. Land trusts hold title in the name of a kind of document recording their interest. Failure to Trustee and the trust itself. The Beneficiaries of the do so raises the risk that subsequent purchasers or Land Trust are not disclosed to the public and are creditors of a previous owner may deprive the only named in the Trust Agreement, a non-recorded present claimant of his title. But it is also true that the contract between the Trustee and the Beneficiary. recorded title need not disclose the personal name The Beneficial Owners can be individuals, a or identify him/her in any way! Instead, a nominee, corporation, a Limited Liability Company or an