Introduction - Gary Mialocq & Associates - Vocational Rehabilitation Specialists

INTRODUCTION

A home is probably your most important asset. It is your castle. Protect it. Asset protection is vital. Use a NARS Equity Holding Trust™ for the best protection from creditor judgments, tax liens, and probate and to keep the property hidden from actions in bankruptcy, marital dispute, and lawsuits. Creating a trust is easy, inexpensive, and the best thing you can do to protect your home. If you rent or lease your property, the importance of asset protection and proper asset management is that much greater. The Equity Holding Trust™ is:

PRUDENT & MOST PROFITABLE - Eliminates the need for standard renting, leasing or optioning-out.
EASY LANDLORDING - Eliminates costs of negative cash-flow, maintenance & vacancies.

What is a Land Trust?

A Land Trust has been in use throughout the United States for more than 100 years. It has the effect of converting ownership of real property to ownership of personalty, even though such ownership is characterized for income tax purpose as ownership in real estate. The primary purpose of the trust is to provide its beneficiaries a practical, economical (and anonymous) alternative form of real estate ownership and use.

A land trust is easy to establish and inexpensive to maintain. It is a method of real estate ownership whereby a trustee holds legal title to real estate, while the trust’s beneficiary(s) have complete control over its management and the power to dispose of the property.

In recent years the evolution of the land trust into an innovative and yet simple arrangement, method and/or system whereby a real estate investor can acquire or dispose of real estate ownership without the necessity of new financing or particular down payment requirements has become popular.

The Land Trust as an Investment Vehicle

The use of a “Land Trust” as a method of concealing ownership of property has gained enormous popularity. The real estate entrepreneurial community has latched on to the land trust as a creative method to convey interests in property without awakening the institutional “sleeping giant” - the infamous “due on sale” clause contained in almost all Trust Deeds and Mortgages held by Federal and State Chartered Banks. This opportunity exists when sellers of real estate are willing to remain on the existing loan and allow another party to assume all of the costs and tax benefits of the mortgage.

Are there any drawbacks to a land trust? The biggest drawback is that few people understand land trusts, so you may have to educate your title agent, insurance agent, mortgage company, attorney and others.

Shield Yourself Against Lawsuits

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