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Land Trust

The straightforward definition: A trustee (our institution) agrees to hold ownership of a piece of property for the benefit of an individual or group of individuals (beneficiary). The beneficiary maintains full use of the property. The First National Bank would only act upon your written direction to do so. Tax bills, land inquiries, and ownership records are shielded by the institutions name to protect the privacy of the beneficiary. These can be as simple as a single-occupancy home or as complex as a multi-state real estate investment. Corporations may wish to do this when compiling multiple tracts of land to avoid arousing suspicion or alerting the public on their future building plans. Another example of a benefit is interests can be easily transferred without recording a deed.

Land Trust FAQ's

  • What are the benefits of a Land Trust?

  • Who may own a land trust?

  • Why do I pay an annual Fee?

  • Why do I have to sign an extension after 20 years?

  • Can I put multiple properties into one land trust?

  • How can I keep my name off of the public tax bill?

Investment Disclaimer

  • Not Bank Deposits
  • Not Insured or Guaranteed By Any Bank
  • Not Insured By Any Federal Government Agency
  • Not FDIC Insured
  • Involves Investment Risk, Including the Loss of Principal