Assertion: trust's property | /r/AtLocation | a title holding trust
Facets:
value: for the benefit of another trust
type: PURPOSE
Source sentences:
text: However, when property is held in a trust, such as a Title Holding Trust or Land Trust, probate is not necessary to pass title since the Title Holding Trust or Land Trust Agreement provides for succession of ownership upon the death of the beneficiary.
text: Unfortunately, individuals have used the Title Holding Trust to get around some of items listed above, which has made obtaining title insurance on real property held in Title Holding Trusts (Land Trusts) more difficult to obtain.
text: In addition, real property can be held in a Title Holding Trust or Land Trust for the benefit of another trust domiciled in another state.
text: Property held in a Title Holding Trust or Land Trust can be easily gifted to children, grandchildren or other parties by completing and executing an assignment of all or a portion of the beneficial interest in the Title Holding Trust or Land Trust.
text: The individual investors do not own real estate when property is held in a Title Holding Trust or Land Trust.
text: There are no separate income tax returns or other filings required when property is held in a Title Holding Trust or Land Trust.