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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Not that much of a problem overall... Posted by Craig in LA on July 18, 2004 at 10:24 AM In Reply to: Not that much of a problem overall... posted by Ward-CA- on July 13, 2004 at 5:41 PM : : Hi Ward : : What changes would you recomend in your trust documents or certifications if I purchased a property in another state like Arizona, New Mexico, Nevada,or Texas? : : Can you recomend any experts for me to chat with in these other areas, or are you comfortably up to speed out on out of CA trusts? : : Look forward to seeing you at SDCIA wed night. : ================= Arizona is the one place I have found where an entity -LLC or Corp is superior to a THT. Just take title in the name of a corporation - free tip - title should be held as "XYZ Corporation" not "XYZ Corporation, a Nevada Corporation" since corporations are tracked on a state level, not the federal (they are citizens of their incorporating state, legally) and you now give the inquisitive 50 states to pick from. : David, : Most other states don't have onerous changes in dealing with the title holding trust (THT). : However, Arizona is a problem in that the beneficiaries of a trust have to be listed on the face of the recorded deed that transfers real property into the trust. : Ouch! There goes your privacy of ownership, one main reason for using the trust vehicle in the first place. : There's is a handy dandy book authored by Mark Warda titled, LAND TRUSTS FOR PRIVACY & PROFIT, published by Galt Press in 2002 http://www.galtpress.com It lists all the states and their salient differences in the use of the land trust. : Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Hi Ward : : : What changes would you recomend in your trust documents or certifications if I purchased a property in another state like Arizona, New Mexico, Nevada,or Texas? : : : Can you recomend any experts for me to chat with in these other areas, or are you comfortably up to speed out on out of CA trusts? : : : Look forward to seeing you at SDCIA wed night. : : ================= : Arizona is the one place I have found where an entity -LLC or Corp is superior to : a THT. Just take title in the name of a corporation - free tip - title should be : held as "XYZ Corporation" not "XYZ Corporation, a Nevada Corporation" since corporations are tracked on : a state level, not the federal (they are citizens of their incorporating state, legally) and : you now give the inquisitive 50 states to pick from. : : David, : : Most other states don't have onerous changes in dealing with the title holding trust (THT). : : However, Arizona is a problem in that the beneficiaries of a trust have to be listed on the face of the recorded deed that transfers real property into the trust. : : Ouch! There goes your privacy of ownership, one main reason for using the trust vehicle in the first place. : : There's is a handy dandy book authored by Mark Warda titled, LAND TRUSTS FOR PRIVACY & PROFIT, published by Galt Press in 2002 http://www.galtpress.com It lists all the states and their salient differences in the use of the land trust. : : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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