One of the most popular features of a land trust is avoiding probate. When the beneficial owner names a contingent beneficiary, the property will pass to the contingent beneficiary outside the court-monitored probate process. This will avoid the costs and time associated with probate.
Posted by Bradford Miller Law, P.C.
Real Estate Law, Landlord Tenant Law, Estate Planning
134 N. LaSalle, Suite 2250
Chicago, IL 60602
312-238-9298
http://www.bradfordmillerlaw.com
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