Products tagged with 'land trust form'

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.