REI WEALTH MONTHLY Issue 36 (The Best of REI Wealth Monthly) | Page 41

WHY DO YOU NEED A LAND TRUST ? RANDY HUGHES
Do you realize that one false move with just one of your properties can cause you to lose all of your hard earned investments ? One careless tenant can be injured on your property and the world will fall all around you . Ask yourself the following question “ Can you control what is happening in all of your properties right now – this minute ?” Is it possible that a careless tenant can be injured or die tonight in your rental property ? This happens every day in America and you cannot avoid all risks with insurance . Insurance companies are notorious for denying coverage when you need it the most .
You need to put each of your properties into separate Land Trusts . This means to put the title of your real estate in the name of the Trust … NOT your personal name ! This will “ insulate ” each property from the others . You need the knowledge that your attorney does not have on this asset preserving technique . Why work so hard to have one uncontrollable tenant event cause you to lose all of your properties ? Come on ! You are working very hard to build your asset portfolio . Why lose it now ?
Land Trusts are easy and inexpensive to set up and your first line of defense to insulate you from the millions of lawsuits happening in America every year . We all know that our legal system has run amuck ! It is no longer about who is right and who is wrong . Our court rooms are controlled solely by those who can afford the smartest lawyer that knows all the court room “ tricks ” to get the end result desired . The most dangerous terrorist of the 21st century that you need to fear is the contingency fee lawyer ! Do you want protection from the contingency fee lawyer or would you rather have a bare knuckle fight with him without any defense guards in place ? It will cost you a fortune just to defend yourself !
You have probably noticed that it is VERY difficult to find any information about Land Trusts and how they operate . That is why people from all over the United States come to my website to find accurate information about Land Trusts . Most attorneys do not know how to set up and administer a Land Trust ( they receive only three hours … if any , of trust education in law school ). Many attorneys have purchased my home study course or attended my seminars to educate themselves on land trust law .