Formation of a Land Trust

This matter involves the formation of a simple trust for the purpose of holding real estate.

Our fees are all-inclusive and include unlimited revisions that do not change the nature of the documents and the filing fees for the transfer deed. What you see as the all-inclusive price is what you pay!

$495.00

Clear
What Additional Fees do you Charge for Trustee Services?
This service includes the creation of the trustee and forwarding of any mail or notices received on your behalf to you.  All additional services, such as the execution of documents, will require payment of an additional fee as set forth on the below schedule.

Annual Trustee Fee  $     150.00
Acceptance of Additional Property (per property)  $     100.00
Amendment to Trust Agreement  $     150.00
Certified Copy of Trust Agreement  $       25.00
Check Endorsement  $       25.00
Execute Leases  $       50.00
Execute Loan Documents  $       90.00
Execute Note, Mortgage or Assignment of Rents  $       40.00
Execution of Real Estate Contract or Amendment  $       50.00
IRS Levy  $       75.00
Legal Services (per hour)  $     275.00
Mechanic’s Lien  $       45.00
Prepare and Execute Assignment of Beneficial Interest  $     150.00
Sale of Property from Trust  $     200.00
Termination Fee  $       75.00
Trustee Certification  $       45.00
Trustee’s Deed  $       75.00
1031 Exchange  $  1,000.00
Can't I Just Use a Form From the Internet?
The problem with a form is that it is intentionally written generically. In other words, the contract is written to be “one-size-fits-all”. This doesn’t work for pants and it doesn’t work for contracts. If the transaction fits right within the box of what the contract was drafted for (e.g., a residential purchase using a real estate agent on a Realtor form), then the form is probably all right. The further the transaction diverts from the standard, the more problems the standard form may bring.

The other thing to keep in mind with standard forms is that they may be drafted for a different state and real estate varies widely from one state to another. For example, in Missouri we use Deeds of Trust and non-judicial foreclosures. In Kansas, we use mortgages and court foreclosures. If your form is drafted for the wrong state, it may not include the necessary terms to protect you in the transaction.

Can We Hire You to Draft Us A Form or Do We Need to Hire You For Each Contract?
The answer here is similar to the answer for form contracts. If you have a set business model and do fairly standard transactions, we would recommend creating a set of standard forms to be used for each transaction. If you are creative and do different deals all the time, a form contract may not work even if drafted specifically for your business.
Accordion Panel
If you are not engaging us for drafting individual contracts, you will be responsible for ?filling-in-the-blanks? or completing the forms. That being said, if you are a member of Guarded Pockets or Guarded Communities, we will review the forms that you have completed as part of your monthly membership and no additional charge.