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    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.
    Download Type: Microsoft Word
    Last Updated: 01-September-2022
    SKU: 7826
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