As an Attorney, How Do I...

Establish a New Land Trust?

The following is a basic explanation of setting up a land trust. Please contact our office if you need assistance.

A trust number should be reserved. This can be done over the phone by calling our Customer Service Unit at (312) 223-4110 or toll-free at (888) 878-7856. Please be prepared to provide the following information:

  1. Property address
  2. Type of property
  3. Value of property
  4. Name and phone number of the attorney of record

Along with a trust number, you will be given a quote of your acceptance and annual fees.

The Trust Agreement must be drafted and executed by all beneficiaries and parties with power of direction. The Trust Agreement and W9, along with a copy of a government issued picture identification for each beneficiary and power of direction holder, should be submitted to Chicago Title Land Trust Company for acceptance.

You must also complete and record a Deed in Trust (Warranty or Quit Claim) at the recorder’s office in the county in which the property is located.

Trust Agreement including W9 and Deed in Trust forms can be downloaded from the Forms section of this website or can be faxed to you by our Customer Service Unit. Please contact them at the number listed above.

Tax bills can be sent directly to the owner or to us. If sent to us there is a nominal tax bill forwarding fee for this service. Tax bills should be addressed as follows:

CTLTC (insert your trust number)
Your address
Your city, state zip
or
CTLTC (insert your trust number)
10 S LaSalle, #2750
Chicago, IL 60603

If you have any questions, please contact our Customer Service Unit at (312) 223-4110 or toll-free at (888) 878-7856.


Amend an Existing Trust – Contingent Beneficiaries?

  1. Download and complete the
    Amendment of Contingent Beneficial Interest TO MAKE FORM COMPLETION EASIER:
    SAVE the blank form to your computer
    BEFORE entering your information and then
    SAVE AGAIN after completing the form.
    form. Have this form signed by the beneficiary.

  2. Send the original signed amendment to any Chicago Title Land Trust Company office for acceptance.

Amend an Existing Trust – Assignment of Beneficial Interest?

  1. Download and complete the
    Assignment of Beneficial Interest form and W9. TO MAKE FORM COMPLETION EASIER:
    SAVE the blank form to your computer
    BEFORE entering your information and then
    SAVE AGAIN after completing the form.
    The current and new beneficiaries sign the assignment and the new beneficiary signs the W9.

  2. Download and complete the
    Facsimile Assignment of Beneficial Interest TO MAKE FORM COMPLETION EASIER:
    SAVE the blank form to your computer
    BEFORE entering your information and then
    SAVE AGAIN after completing the form.
    to indicate whether the transaction is subject to a transfer tax. If the transaction is exempt and the property is located outside of Cook county, you do NOT need to record it.

  3. Send the original assignment, facsimile assignment, W9, and copy of state ID to any Chicago Title Land Trust Company office for acceptance.

Close a Trust / Transfer Property Out of a Land Trust?

  1. Call us (312) 223-4110 to verify fees and signature requirements.

  2. Download and complete the
    Direction to Convey TO MAKE FORM COMPLETION EASIER:
    SAVE the blank form to your computer
    BEFORE entering your information and then
    SAVE AGAIN after completing the form.
    form. Have this form signed by the beneficiary or holder of power of direction if different than the beneficiary.

  3. Send the original signed Direction to Convey form and fee payment to any Chicago Title Land Trust Company office. We will prepare the deed and related documents according to the direction.



ESTATE PLANNING

 

THANK YOU

Thank you for choosing Chicago Title Land Trust Company to serve as your trustee! Though our site can’t cover every scenario, we have tried to include information regarding some of the more common requests. However, if you have any other questions or concerns, please contact our customer service unit at:
(888) 878-7856
.

WOULD YOU ADVISE YOUR CLIENTS TO PRESS SEND ON THIS EMAIL?


By not informing your clients of land trusts, you are doing just that!

Don’t let your client fall victim to potential identity theft and real estate fraud. Land trusts can help homebuyers keep their private, financial information confidential. What most of your clients don’t know is that once their real estate transaction is complete, what they thought was their private information (ownership structure, purchase price, address, and mortgage information) goes on the public record and is posted on the internet.

We have a solution: a Chicago Title land trust. Land trusts can help your clients maintain their personal and financial safety by keeping their ownership details off the public records and off the internet. By using a Chicago Title land trust, your clients not only protect the details of their transaction, but can also take care of some of their estate planning needs. Chicago Title land trusts allow a homeowner to name successor beneficiaries who will inherit the property upon their death, allowing their loved ones to avoid the cost, delay and emotional upheaval of probate court.

HELPFUL HINTS

  • Property located in Cook County must have a recorded facsimile assignment when lodging an assignment or collateral assignment with the trust.

  • Property located in the city of Chicago must obtain a water certificate in order to record a facsimile assignment or deed. Be sure to obtain any applicable transfer or exempt stamps from the municipality where the property is located.

  • Property located in the city of Chicago must complete MyDec when recording a facsimile or deed.

  • We can help you with recordings, obtaining water certificates, and completing MyDec.

  • Your documents can be emailed to us at CTLTC@ctt.com for review before being formally submitted. Please include your contact information.

For land trust brochures, please contact Julia Mezher by phone (312) 223-4132 or email Julia.Mezher@ctt.com.

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