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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.

Second, most land trusts are automatically disqualified from secondary market loans. The other issue with land trusts is that they give the illusion that there is no liability. Land trusts still have liability, even in Illinois. The real property owner, and not just the trust or trustee, can be found liable for things.

Second, a deed in trust, transferring the property from the current owner to the trust, must be completed and recorded with the appropriate County Recorder of Deeds Office.

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The truth is, emails can be used as legally binding contracts, providing they contain the five elements of a contract. In fact, a contract can be presented in almost any form, providing that the terms and conditions are clearly stated, and there is clear agreement by all parties to agree to the terms of the contract.