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Replying to Avatar SuiGenerisJohn

It’s fairly straight forward but the long and short is this: 1) you create a trust instrument that explains the powers and obligations of the beneficiaries and the trustee, and names the beneficiaries and identifies the property to be deposited in trust. 2) the property is then deeded to the trustee “as trustee”; 3) the trustee deed is recorded but the trust instrument is not. Then the only public record of the ownership of the property is that it’s held in trust by whoever is the trustee (can sometimes be an entity). This is high level summary but that’s more or less how it works. The beneficiary is the “real” owner of the property but legal and equitable title pass to the trustee and in return the beneficial owner gets a “personal property” interest in the trust and usually the power to tell the trustee what to do with respect to the property, sell it, whatever, etc etc

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mike 6mo ago

Does this work for private islands in the Keys?

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SuiGenerisJohn 6mo ago

If its a Florida Key then I don't see why it wouldn't unless there's something special about owning an island that is regulated in a way that undermines the purposes of the land trust, but I'm not researched on that issue

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