A Florida Land Trust is a statutory vehicle that allows a third party, a Trustee, to hold real property in the Trustee’s name, and the Trustee holds both legal and equitable title. This type of ownership creates a personal property interest for the beneficiaries. The catalyst for the Florida Land Trust is found in Fla. Stat. § 689.07, et al. This type of arrangement is typically known as an “Illinois type” land trust.
Please contact the firm if you have questions or concerns regarding the application of the Florida Land Trust statute and whether such a vehicle is proper for you.