The Ultimate Land Trust Guide: Florida Edition by My Land Trustee.
In this series, we're diving deep into the world of Florida land trusts, starting with the fundamental distinction between entities like LLCs or corporations and the unique nature of Florida land trusts.
While entities like LLCs or corporations are considered separate legal entities and require public filings with the state, land trusts operate differently. They don't stand alone as entities and aren't filed publicly, providing a layer of privacy for beneficiaries.
With a Florida land trust, you'll find three key elements: a trustee, a beneficiary, and a trust agreement. The trustee holds legal and equitable title to the property, but it's the beneficiaries who call the shots within the confines of the trust agreement.
Unlike entities where information on owners or officers is readily available, a land trust keeps the beneficiary's identity private. This offers the best of both worlds: privacy and limited liability akin to entities like corporations or LLCs.
Join us as we unravel the intricacies of Florida land trusts, offering you the tools to navigate real property ownership with confidence and privacy. Stay tuned for more insights and tips in upcoming episodes! 🎙️
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