Written by David J. Lanciotti, this comprehensive manual details every aspect of land trusts from the traditional use to the modern consolidations of today.
Land trusts, in some form or another, have been used to acquire, hold, and dispose of real property for centuries. However, the modern titleholding land trust appears to be a development of Illinois lawyers. Even though the land trust is most widely used as a titleholding device in Illinois, a number of other states have recognized the benefits of the land trust arrangement and approved its use by specific statutory enactment. This updated handbook provides you with the information you need to deal with every aspect of land trusts from the traditional use to the modern consolidations of today. The author provides clear best-practice advice, step-by-step procedures, and relevant forms to assist you in your practice.
David J. Lanciotti, Chicago Title Land Trust Company, Chicago
Chapter 1 — Nature and Development of the Illinois Land Trust
Chapter 2 — Land Trust Uses and Purposes
Chapter 3 — Creation of the Land Trust
Chapter 4 — Amendments of the Land Trust Agreement
Chapter 5 — Absolute Assignments of the Beneficial Interest
Chapter 6 — The Beneficial Interest as Collateral
Chapter 7 — Transfers of the Beneficial Interest upon Death
Chapter 8 — Land Trust Transactions
Chapter 9 — Directions to the Trustee
Chapter 10 — Litigation Involving the Land Trust