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How do I establish a Land Trust? It's Easy as One-Two-Three? First, the beneficiary must sign a Land Trust Agreement formulated by the Grantor. ... Second, a Deed of Trust, when properly recorded with the County Recorder of Deeds, will transfer the property from the current owner to the name of the land trust.

To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.

The two main rights that beneficiaries have are the right to information and the right to distributions. Beneficiaries have the right to receive certain information about the trust.

A land trust provides a convenient means of mortgaging and selling a trust property without having to obtain deeds from all of the beneficiaries and their spouses. This is especially helpful in situations where numerous parties have an ownership interest or the involved parties are living in different states.

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