Sample Illinois Land Trust Agreement

Ownership of real estate is not necessarily a public matter. Land Trust offers an excellent method to acquire or sell real estate without revealing the identity of the true owner. Ownership is simply transferred to or by the agent on the written instruction of the beneficiary (buyer or seller). This device is especially useful in landlord-tenant relationships. Anonymity may also be desirable in the context of real estate negotiations where knowledge of real identities could otherwise hinder the transaction. To the extent that the immovable property is not rented jointly, it is generally subject to succession after the death of the owner, even if the property is transferred in accordance with the will.

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