Why You Should Never Place A Personal Residence Into A Land Trust

Summary

This video provides a critical warning for real estate investors, including STR hosts: never place your personal residence into a standard Land Trust. Attorney Clint Coons explains that doing so transfers both legal and equitable title, which can void your state's homestead exemption and expose your home to creditors. The correct tool is a "Residence Trust," which is specifically designed to provide anonymity while preserving the homestead exemption by separating legal title (held by the trustee) from equitable title (retained by the homeowner). The video also offers a solution for those who have already made this mistake, which involves "restating" the trust agreement.