05/23/2025
Think Your Florida Land Trust Protects Your Assets? Think Again…
A Florida Land Trust lets a trustee hold property for you, aiming for privacy or estate planning. But does it really protect your assets? Andrew Easler and James White on Learn Laws bust the myths: creditors can still find you, DIY trusts risk fraud, and LLCs might be smarter. They also dive into the Garn-St. Germain Act for mortgages and FIRPTA taxes for foreign investors. A must for real estate fans! Share your thoughts below!
Timestamps:
0:00: Intro to Learn Laws
0:26: Topic Overview
0:37 : Privacy Question
0:52: Privacy Limitation
1:03: Biggest Misconceptions
1:34: Liability Types
2:04: Legal Consequences
2:31: Deterrence vs Protection
2:50: Tenant Liability
3:02: Insurance Intro
4:45: Insurance Limits
5:55: LLC Comparison
6:09: LLC vs Land Trust
7:06: Due-on-Sale Exception
13:42: Homestead Exemption
17:13: FIRPTA Overview
24:28: FIRPTA Withholding
28:52: Foreign Investor Impact
30:21: Malpractice Insurance
31:46: Final Thoughts