Products tagged with 'land trust form'

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Picture of Illinois Land Trust Agreement

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.
  • Available in MS Word format and fully editable.
  • Intended for use only in the State of Illinois.
$17.99
Agreement to set up land trust in British Columbia

British Columbia Land Trust Agreement

Set up a land trust to preserve certain lands for conservation, agricultural or recreational purposes with this Land Trust Agreement for British Columbia.

  • The trustee will have the powers necessary to lease, sell, mortgage or otherwise deal with the land but shall only exercise these powers at the direction of the beneficiaries.
  • The trustee is required to maintain a current list of all beneficiaries and to furnish the beneficiaries with an annual statement of Trust income and expenses.
  • The trustee will have no personal liability for any obligation of the Trust.
  • The agreement provides for the resignation and replacement of the Trustee.
  • The beneficiaries are individually responsible for reporting their respective share of the profits and earnings from the Trust.
  • The trustee is instructed to terminate the trust and distribute the Trust property prior to the legally permitted time period for the existence of the Trust under applicable laws.
$19.99
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