As an Owner/Beneficiary how do I...

Establish a New Land Trust?

  1. Contact us to reserve a land trust number. We will ask for the property address, type of property and value of the property.

  2. Download and complete the
    Trust Agreement 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.
    These forms are signed by the beneficiary and holder of power of direction if different than the beneficiary.

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

  4. Download and complete the appropriate deed in trust form.

    1. Add the transfer tax stamps (if applicable) and exemption statement

    2. Complete a Grantor/Grantee Statement (applicable only in Cook County)

  5. Record the deed with the county recorder’s office in the county where the property is located.

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. This form is 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 (888) 878-7856 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.


LAND TRUSTS FOR HOMEOWNERS

 

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
.

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.

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