Land trusts are very effective tools used by us savvy, in the know, real estate investors. One of the major advantages of holding property in a trust and not in your personal name is the ease of transfer of interest. A transfer of interest in a trust can be done effortlessly with an Assignment of Beneficial Interest.” There is also no need for a notary, witness, or any type of public recording.
Here's a form that you can use:
Remember, this is a sample agreement only. If you decide to use this, or a similar agreement, make sure that you have a competent legal professional give you a thumbs up!
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