🔍 In this informative video, Joe Seagle and Colleen Pacheco explore the intricacies of land trusts and the challenges of insuring properties held in these unique ownership structures.
🏡 Joe Seagle explains how a land trust operates as an agreement between a trustee and a beneficiary, with the beneficiary retaining control and ownership of the property while the trustee’s name appears on public records. Colleen Pacheco highlights the risks of inadequate insurance for properties in land trusts, sharing real-world examples of how lack of proper protection can make individuals vulnerable to legal and financial troubles. The discussion emphasizes the growing trend of using land trusts to enhance privacy and safeguard assets, even for primary residences.
💡 Whether you’re considering land trusts for your real estate or seeking to understand how insurance is impacted by this choice, this video provides valuable insights and practical advice.
🌐 For your home insurance needs, visit Colleen’s website here: securedinsurancegrp.com.
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