Illinois land trust
- A type of legal entity where a trustee holds and manages an estate in land on behalf of beneficiaries, specifically established within the state of Illinois
- The beneficiaries considered establishing an Illinois land trust as part of their real estate investment strategy.
- Transferring the property into an Illinois land trust helped in simplifying the process of estate planning.
- An Illinois land trust can provide a form of privacy since the beneficiaries' identities are not publicly accessible.
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