Land Trust Attorneys in Tampa, Florida
The Reyes Firm is a land trust attorney in Tampa, Florida that works with individuals who want to establish a land trust for privacy, conservation, asset protection, or estate planning purposes. Land trusts can offer a wide range of protections and benefits, though these protections and benefits aren’t always guaranteed, which is why it is wise to hire a Tampa, Florida land trust attorney at The Reyes Firm if you plan to establish a land trust to serve a particular purpose. Land trusts can protect your anonymity and can help your beneficiaries avoid probate, while allowing you to maintain control over your property. Other types of land trusts can allow you to set aside land for conservation purposes and may even allow you to enjoy tax benefits for donating land for the public good. If you have questions about how you might be able to establish a land trust, reach out to the Tampa Land trust attorneys at The Reyes Firm.
What are the Types of Land Trusts?
Land trusts can be established to protect your anonymity and to help you transfer land to beneficiaries while avoiding probate. In many cases, land trusts are used as estate planning and asset protection tools. Conservation trusts can allow you to set aside land for conservation purposes. These two types of land trusts can be established to help you pass your wealth to the next generation and protect your assets, while also maintaining control over how land is used, and how income from the land trust is handled.
With a conservation land trust, the owner of the property surrenders certain rights in order to set aside land to protect its ecological value and cultural value. A conservation land trust can place restrictions on the type of developments permitted on a given property and the permitted use of a parcel of land. Conservation land trusts can protect natural habitats for wildlife, can ensure that cultural resources tied to a parcel of land are protected, and can ensure that land isn’t developed in a way that will threaten natural resources, water, or other important historical sites. One way a conservation land trust can be established is by creating a land trust that has a conservation easement. A conservation easement can permanently limit the ability of other people to develop on the land, thus protecting crucial natural resources. Conservation land trusts can be donated to the public and may offer some tax benefits.
Title trusts, unlike conservation trusts allow the landowner to retain certain rights over the land, while preserving anonymity and ensuring that the land can be passed to beneficiaries without the need for probate. If you don’t want the public to know you earn a parcel of land, a land trust might be one way to do this. This can protect you if you plan to purchase or sell land. Title land trusts can protect your personal assets from liability, especially if you plan to develop a property for financial gain.
If you are thinking of establishing a land trust, The Reyes Firm is a Tampa, Florida land trust law firm that may be able to help you. We can walk you through the potential benefits and limitations of establishing a land trust and help you understand your options. Contact the land trust lawyers in Tampa, Florida at The Reyes Firm today to learn more.
Who Can Benefit from a Land Trust?
Those who can most benefit from a land trust are those who may want to donate land for conservation purposes, high net worth individuals looking for privacy, high net worth individuals looking for tax benefits, and individuals looking to help their beneficiaries avoid probate through estate planning. Individuals who want to distinguish between assets and real estate investments can place land in a trust. Land trusts can also help protect your wealth from liability and may serve as an asset protection strategy. Finally, land trusts can protect your anonymity if you are selling or buying land and don’t want the public to know.
The Reyes Firm is a land trust law firm in Tampa, Florida that can help you if you would like to create a land trust. We can help you understand if a land trust is right for you and select the best strategy for your needs and goals. Reach out to our land trust attorneys in Tampa, Florida at The Reyes Firm today.
Contact a Land Trust Lawyer Today
The Reyes Firm is a land trust law firm in Tampa, Florida that is here to help you with your land trust needs. If you have questions about your rights and the next steps with establishing a land trust, reach out to The Reyes Firm today. Whether you want to establish a land trust for conservation or to protect your privacy, or for wealth and asset protection, or to help with probate and estate planning, the Tampa Florida land trust lawyers at The Reyes Firm are here to help. Contact our land trust attorneys today to learn more about how we can assist you.
