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Showing posts with the label use trust land in colorado

Free Consultations with Lawyers – You Get What You Pay For

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William Bronchick : When people are facing a legal issue, they are often attracted by free consultations offered by some lawyers. Getting some kind of legal help without paying a dime is a rare opportunity many wouldn’t want to miss, but only for those who don’t know what they can get from it. There are lawyers who offer free initial consultations, but what you consider initial consultation is not always what it seems to be. They just use them as a trick, a ruse to attract clients and nothing more. There are several reasons why you should avoid free consultations with lawyers. 1.     These initial consultations usually last for less than 30 minutes. That’s not enough time for a lawyer to get a good insight of your problem and give you good legal advice on next steps to take. 2.     That little time is never enough for a lawyer to provide you with tailored legal advice. The best you can get is a general advice about the usual procedure...

William Bronchick | 7 Reasons to Use Land Trusts in Colorado

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William Bronchick : The land trust is a very powerful tool for the savvy real estate investor, and there are many reasons to use land trusts in Colorado. A Colorado land trust is a revocable, living trust used specifically for holding title to real estate. Each property is titled in a separate trust, affording maximum privacy and protection.  Also known as an “Illinois Land Trust”, the title-holding land trust is recognized by statute in Florida, Georgia, Hawaii, Illinois, Indiana, Montana, North Dakota, South Dakota, and Virginia. Colorado does not have a land trust statute, but since a land trust is a basic revocable, living trust, it would be recognized under common law trust principles. Here are seven good reasons to use a Colorado land trust for titling property to real estate. Privacy In today’s information age, anyone with an internet connection can look up your ownership of real estate. Privacy is extremely important to most people who don’t wan...