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 toll-free at (888) 878-7856. Please be prepared to provide the following information:
- Property address
- Type of property
- Value of property
- 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 toll-free at (888) 878-7856.