Illinois Land Trust Agreement

Draw up a Land Trust Agreement for land in Illinois with this downloadable template.

  • A land trust is a method of real estate ownership in which a trustee holds legal title to the real estate.
  • The trust's beneficiaries have full power to dispose of the property and complete control over its management.
  • The beneficiaries' rights and powers pass to their executors upon their death, and do not form part of their estate.
  • The beneficiaries have the right to revoke, alter or amend the trust agreement on written notice to the trustee.
  • The beneficiaries are responsible for filing tax reports and paying all real estate taxes and charges on the property.
  • Intended for use only in the State of Illinois.
Document Type: Microsoft Word
Last Updated: 01-September-2022
SKU: 7826
$17.99
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