Guide to real property estates at law and land trusts for the attorney representing farming clients. Includes editable forms.
This handbook provides practical information about the unique property issues that arise in representing farmers. It provides practical information about life estates, the enactment of the generation-skipping transfer tax (GST), and leases. Editable lease samples are included for drafting assistance. This guide also provides information about Illinois land trusts as a mechanism for holding title to Illinois farmland. It includes sample land trust agreement and sample transfer of beneficial interest.
Chapter 1 — Real Property Estates at Law (Including Farm Leaseholds)
Thomas G. Hamill, Harrison & Held LLP, Springfield
Chapter 2 — Land Trusts
Keith Casteel, Samuels, Miller, Schroeder, Jackson & Sly, LLP, Decatur