Are you a real estate investor who is looking for strategies that will provide privacy as well as asset protection? Real Estate Privacy Trusts or REPTs are designed to protect landlords who are concerned with lawsuits and privacy.
You may think that you don’t need a REPT to protect your investments, but think again. Real Estate Privacy Trusts can help protect you from liens, title claims and HOA claims. Not to mention, utilizing the privacy set forth in a REPT can discourage litigation, since your assets won’t be easily traceable.
REPTs are a very powerful tool for the savvy real estate investor because an REPT is a revocable living trust used specifically for holding title to real estate. The trustee holds legal title to all trust property; however the named beneficiaries retain use of the property and any income it generates. Each property is titled in a separate trust, affording maximum privacy and protection.
There is generally no requirement to register the trust. Nor are there public records of officers, directors and shareholders. The trustee keeps control of the trust records and the identity of the beneficiaries in a secure location and will not reveal this information without a subpoena. No one knows about your beneficial ownership except you, your attorney and the trustee.
The advantages of owing real estate through a Real Estate Privacy Trust:
- Privacy of Ownership - Under a Land Trust arrangement, your identity as the legal owner of the real estate is not disclosed to the public or to any third party, except in cases of subpoena or court order.
- Ease of Transferability - The beneficiary (or "owner") of a land trust may be changed without recording a change in the public records.
- Avoids Probate - Probate is usually necessary regardless of whether or not one has a will. A Land Trust arrangement, however, allows you to designate succession of ownership exactly as you wish, thereby avoiding probate and costly, time-consuming proceedings relating to the property.
- Facilitates Multiple Ownership - Where there are multiple owners of a parcel of real estate, a Land Trust can be structured to provide for clear and easy legal direction.
- Retain Tax Advantage - You are still eligible for the homeowner's and senior citizen's real estate tax exemptions.
To learn more about real estate privacy trusts and our Nevada corporation services, call a Nevada Corporate Headquarters representative at 1-800-508-1729.
*Legal Disclaimer – Nevada Corporate Headquarters, Inc. has prepared the content of this website for informational purposes only. It is not legal advice. Our legal services are provided by an in-house independent Nevada law firm.*
