Land Trust Service Corporation offers land trust trustee services. This means that for a fee we will act as trustee of your Florida real property, just as any bank or trust company would. There is a fee for setting up a new trust and an annual fee to serve as your trustee.
To meet the different needs of our different clients we offer two types of trust setup services.
A Full Service Land Trust is $500. This includes up to an hour of time with us on the phone or in our office, and with us calling title companies or lenders to smooth out the transaction when necessary. It includes preparing the Land Trust Agreement, Direction to Trustee, and the Deed to Trustee where necessary. If you have never done a land trust and have questions about the setup and operation of the trust, you would be best served by this package.
An Economy Land Trust is $300. This includes the same documentation but is for persons who do not need any telephone time with us. You send us the setup forms and we send you the trust and send the closing agent the necessary instructions and documentation. If you are familiar with land trusts and do not need to use our time on the phone, this package would be best. We would answer questions by email for free.
Both of the above land trust setup fees include the first year annual fee. On each yearly anniversary of the trust you will be billed a $100 annual fee for the next year or fraction thereof. After the first trust you will get a $50 discount on any future trusts with us.
We have our own land trust form which we prefer to use. If you already have a land trust and you wish to have us as your successor trustee, we can amend your trust to match our form.
Neither the corporation nor its officers or agents provide specific legal advice or legal services. Mark Warda, a Florida attorney for over 30 years, serves as legal counsel to Land Trust Service Corporation and does not offer specific legal advice to its clients.
If you do not understand land trusts you should read the book Land Trusts in Florida. We sometimes give one-day seminars based on this book. Check with us for dates.
If you have questions about how a land trusts works and prefer a personal consultation this can be arranged for $100 per half-hour.
Land Trust Service Corporation assumes that its clients are knowledgeable about trusts and land trusts in particular. As a provider of trust services it can only follow clients' instructions in setting up trusts, not offer specific legal advice.
If you feel you are in need of legal counsel or representation you are urged to consult an attorney who can explain your rights and remedies in a land trust transaction. Land Trust Service Corporation can sometimes suggest attorneys who are familiar with land trusts and who can provide legal advice on them.
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