Estate Planning
Land trusts are a commonly used estate planning tool. Land trusts allow the homeowner to name individuals who will inherit the property upon the homeowner’s death. Using a land trust as your estate planning vehicle is not only easy and affordable; it also lets your loved ones avoid the stress, complications, and expense of probate court.
Liability Protection
When you own real estate in your own name, a recorded judgment lien will automatically attach to your property. When real estate is owned in a land trust, a judgment against a beneficiary does not automatically affect the property, thus providing your real estate an extra measure of protection.
Internet Privacy
Millions of people have access to a significant amount of private, personal, and financial information on the internet. Homeowners should realize that their once private information (ownership, purchase price, address, and mortgage information) is accessible to everyone online which makes them more vulnerable to theft and fraud. We can help consumers protect their private information by allowing home buyers the opportunity to purchase real estate confidentially by using a First Nations Bank Land Trust.