For both foreigners and U.S. citizens, Florida Land Trusts, are a legal entity to hold title to real estate in Florida. The law concerning land trusts varies from state to state. Florida is one of only two states in the nation that has a specific statute governing land trusts. The specific statute governing land trusts in Florida can be found at Florida Statutes Chapter 689.
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Judgments against land
trust beneficiaries do not affect the
legal title to the real property held in
a land trust.
Thus, the land held in trust can be freely sold, conveyed, or otherwise pledged without problems..
Privacy, The interests
of all beneficiaries are private unless
disclosed by order of the court.
Judgments, against land trust beneficiaries do not affect the legal title to the real property held in a land trust.
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Favorable Tax Treatment:
The beneficial interest in a land trust is
As such, the beneficial owners of a land trust including foreign nationals are only taxed at the favorable individual capital gain rate (presently 15%).
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Their Are Two Essential Instruments To A Florida Land Trust.
The two essential instruments to a Florida land trust are, the deed that conveys property into the land trust and the land trust agreement.
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