Florida Land Trust Time And Cost
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You can see the video versions at either facebook.com/celticwindinvestment or on youtube at youtube.com/mikenweston/. These are original documents we\'ve been developing over the past year to educate Realtors, US Investors, Foreign Investors, distressed home owners and Retiring Baby Boomers
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Florida Land Trust Time And Cost
- 1. Time Required for creation? Set up Cost: US and Foreign Annual Maintenance Service
- 3. Set up Cost: US citizen
- 4. Set up Cost: Foreign National
- 5. It may be your residence It may be your investments It is certainly your business, and only your business to do. Call us today for a confidential review of your circumstances and interests. 954 707 6463
- 6. You have been watching an educational presentation of the Florida Land Trust Act FS 689.071 Hosted by: Michael Belgeri
Editor's Notes
- A priority land trust can be formed within 72 hours of submission after all necessary paperwork is provided; a standard timeframe is five to seven working days.
- Land Trust set up costs include the first year of service. Annual billing for Trust Maintenance is $100 thereafter. Setup payment is made to Celtic Wind Investment for the proper property configuration of your Trust, Lien investigation and its submission to the Land Trust Service Corporation while all subsequent payments will be billed directly by the Land Trust Service Corporation.The Land Trust Contract is customized for your needs by a licensed Realtor who has been accredited by the State of Florida in this area. Safeguards for the trustee, the beneficiaries and the director of the Trust are vital to its effectiveness in the lifetime of the trust’s active use. All documentation is then reviewed by the attorney’s at the Land Trust Service Corporation.Title Service and Insurance costs will also be incurred because the property is going through an ownership transfer.
- Service charges for the foreign national requires an additional level of paperwork submissions to Federal authorities under ‘agency’ rules. Depending on visa status an LLC owned by the foreign national is suggested as the primary beneficiary. While a Land Trust is intended for a single property, the LLC layering has the facility to hold numerous Land Trusts for one or more investors. The LLC also serves as the legal U.S. entity for the foreign national’s transactions.
- This course is presented as an educational instruction. On all matters concerning the law you should consult a licensed attorney, We suggest three question that you might direct at your attorney in a conversation about a Florida Land Trust. First ask your attorney if he has had any formal or continuing education course work in Florida Land Trust Law; second, ask your attorney what might be the worst that could happen if you converted your property to a Florida Land Trust. Finally, ask your attorney what his fees would be to construct and maintain your land trust for you.On all matters of finance you should consult a licensed accountant. As with the attorney ask your accountant for his experience, education and expenses in regard to your land trust formation and maintenance. All material prepared for our clients is review and approved by an experienced attorney with formal education and published documentation in the area of Land Trust Law.
- You will now be taken to our website contact page. We’d like to hear from you and we’d like to suggest that, if you have a Realtor, ask him or her to contact us for more information about the Land Trust Law Agreement or feel free to contact Celtic Wind Investment at your convenience. Thank you for Watching, I’m Michael Belgeri.