Avoid Land Trust Liability As A Trustee
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- Опубликовано: 25 сен 2022
- Is it possible to avoid trustee liability in a land trust? Well, real estate investing expert Clint Coons, Esq. is here to offer his insight and show you strategies to avoid land trust liability as a trustee.
In less than 5-minutes, you may find yourself with the metaphorical keys to the kingdom you've been looking for.
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If you are in danger of becoming the next victim of land trust liability, then you can not afford to miss out on this video.
Learn more about the things you can do as a trustee with your land trust right here on the channel.
Don't forget that trustee liability is a thing in this world, so it is better to be safe than sorry.
Thank you for watching our content, and be sure to like, share, and subscribe to the channel for more.
We also hope that you will leave us a comment, we greatly appreciate hearing from you, our audience, and we do try our best to respond in a timely manner.
Until next time, good luck with your land trusts and taking hold of your liabilities.
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#landtrust #trustee
Thanks for the video
You are welcome. Thanks for watching.
Good afternoon coach!!
We'll spoken!
thanks
Is there any point in naming the trustee as an additional insured on the property policy?
Yes it is good practice to protect the trustee.
Considering that a trust entity can have an EIN, if there is a rental property owned by a trust entity, should the tenant send rental payments to the trustee entity or the trust entity?
Either options works but I would send the payment to the trust directly.
What if the Florida land trust gets sued for a vicarious liability. Say a Tenant pulls out of a property owned in the trust, in doing so he strikes a person on the sidewalk and injured that person. They sue the driver and include the FL land trust in the suit. The land trust has no insurance nor can they get insurance, for that use. Is the property in this case the max loss?
Correct but the land trust must have insurance covering the property otherwise the creditor could pierce the trust..
@@ClintCoons
Is what you're saying is that, the trust losses the property only. Or they can go after the trustee and the beneficiary as well.
Trynna be like you lol
If the trustee has no liability, how is it possible that my trustee is currently being sued?
The trustee is named as the party who represents the trust not as an individual ( I would assume)
@@ClintCoons my trustee is an individual