For both foreigners and U.S. citizens, Florida Land Trusts, are a legal entity to hold title to real estate in Florida. The law concerning land trusts varies from state to state. Florida is one of only two states in the nation that has a specific statute governing land trusts. The specific statute governing land trusts in Florida can be found at Florida Statutes Chapter 689.
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Telephone: USA 954-882-4252
Dear
Investors,
Feel Free To Read About Some Of The Advantages Of A
Florida Land Trust For Commercial Real Estate
Investments. Some Of The Advantages Of The Florida Land Trust Are:
Non-resident
aliens can put U.S. real estate in land trusts and
avoid U.S. gift and estate taxes by holding their
trust interests in the name of a foreign holding
corporation or partnership
Mortgage financing
on land trust property does not become a personal
obligation of the trust beneficiary, unless the
lender specifically requires a personal guarantee
from the beneficiary.
Transferring the
interest in the real estate becomes easier and less
costly to accomplish. The trust beneficiary can
transfer effective ownership of the realty by
assigning his interest in the trust to another
party, rather than by having to execute and record a
deed to the real property.
Members of the
public can deal with the trustee as the owner of the
property and by law not have to inquire about the
extent of his powers or the interests of the
beneficiaries.
The beneficiary's spouse has
no marital claim on the real estate in trust and
does not have to join in conveying the property.
Land trusts can assist with a "gifting" program
in connection with estate planning. A land trust
beneficiary can transfer fractional portions of his
interest as multiple gifts to different recipients
over time, at a discounted valuation, thereby
reducing the size of his taxable estate at death
Please contact me at
fcbflorida@gmail.com or call me at
USA, Telephone: 954-882-4252, so we can
discuss your real estate plans. I am always
available to serve you.
I look forward to
speaking with you soon.
Sincerely,
Daniel L. Tedesco
Phone: (954) 882 4252
Email: fcbflorida@gmail.com
Florida Website:
http://florida-commercial-broker1.com
Judgments against land
trust beneficiaries do not affect the
legal title to the real property held in
a land trust.
Thus, the land
held in trust can be freely sold,
conveyed, or otherwise pledged without
problems..
Privacy, The interests
of all beneficiaries are private unless
disclosed by order of the court.
Judgments, against land trust
beneficiaries do not affect the legal
title to the real property held in a
land trust.
. Contact Daniel
L. Tedesco. (954) 882 - 4252.
Favorable Tax Treatment:
The beneficial interest in a land trust is
personal property.
As such, the
beneficial owners of a land trust including
foreign nationals are only taxed at the
favorable individual capital gain rate
(presently 15%).
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Their Are Two Essential Instruments To A Florida Land Trust.
The two essential instruments to a Florida land trust are, the deed that conveys property into the land trust and the land trust agreement.
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Our Team will work tirelessly to facilitate your goals without compromise. Tedco Realty, Inc. is committed to treating every client as if they are our #1 priority. Whether you are buying or selling, I will be happy to speak to you.
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