Trusts have been a useful and used legal tool for hundreds of years...long before Le Grand or Bronchik hit on their uses in REI.
Lots of good free info @ your closest county courthouse law library, which is free for your use.
Find and browse through the article in Am Jur, or Corpus Juris 3d on Trusts.
These are legal cyclopedias with articles on every legal subject, and the articles might run several hundred pp.
For a simple, inexpensive tome on trusts, find and buy Nolo Press book on trusts. As I recall it sells for about $30 and is lots of good basic info about trusts.
To just ask somebody else to explain Trusts to you, is kinda like asking somebody to explain "Medicine" to you...might take a few years.
Search on the internet for Mark Warda. He has a good book. Make sure you get the one that has the List of States and whether or not they have land trust. Most states don't have land Trust Law on the books.
If the state you use doesn't have Land Trust law, you are taking a chance that in the event of litigation it might be harder to predict the outcome. If the language does exist you would more likely be able to predict the outcome.
In the 2002 version the Land Trust did not have a power of Direction and as I learned from Jack Miller, this is essential.
I am not an expert but I have used these trust 40 or 50 times and I am convinced it's necessary. It gives you options and wiggle room in the future if you need it.
Search on the internet for Mark Warda. He has a good book. Make sure you get the one that has the List of States and whether or not they have land trust. Most states don't have land Trust Law on the books.
If the state you use doesn't have Land Trust law, you are taking a chance that in the event of litigation it might be harder to predict the outcome. If the language does exist you would more likely be able to predict the outcome.
In the 2002 version the Land Trust did not have a power of Direction and as I learned from Jack Miller, this is essential.
I am not an expert but I have used these trust 40 or 50 times and I am convinced it's necessary. It gives you options and wiggle room in the future if you need it.
In the beginning, all of our land trust information came from LeGrand's cash flow system.
hope this helps,
clear2close
[addsig]
Bronchik has a real great course on this.
Check the archives and I think you'll find some articles. I know I have posted on it several times.
[addsig]
Trusts have been a useful and used legal tool for hundreds of years...long before Le Grand or Bronchik hit on their uses in REI.
Lots of good free info @ your closest county courthouse law library, which is free for your use.
Find and browse through the article in Am Jur, or Corpus Juris 3d on Trusts.
These are legal cyclopedias with articles on every legal subject, and the articles might run several hundred pp.
For a simple, inexpensive tome on trusts, find and buy Nolo Press book on trusts. As I recall it sells for about $30 and is lots of good basic info about trusts.
To just ask somebody else to explain Trusts to you, is kinda like asking somebody to explain "Medicine" to you...might take a few years.
Search on the internet for Mark Warda. He has a good book. Make sure you get the one that has the List of States and whether or not they have land trust. Most states don't have land Trust Law on the books.
If the state you use doesn't have Land Trust law, you are taking a chance that in the event of litigation it might be harder to predict the outcome. If the language does exist you would more likely be able to predict the outcome.
In the 2002 version the Land Trust did not have a power of Direction and as I learned from Jack Miller, this is essential.
I am not an expert but I have used these trust 40 or 50 times and I am convinced it's necessary. It gives you options and wiggle room in the future if you need it.
Good Luck
Search on the internet for Mark Warda. He has a good book. Make sure you get the one that has the List of States and whether or not they have land trust. Most states don't have land Trust Law on the books.
If the state you use doesn't have Land Trust law, you are taking a chance that in the event of litigation it might be harder to predict the outcome. If the language does exist you would more likely be able to predict the outcome.
In the 2002 version the Land Trust did not have a power of Direction and as I learned from Jack Miller, this is essential.
I am not an expert but I have used these trust 40 or 50 times and I am convinced it's necessary. It gives you options and wiggle room in the future if you need it.
Good Luck