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Your Hosts: William Bronchick, J.D. & John Merchant, J.D.

William Bronchick is a nationally-known attorney, author, and speaker. He has been practicing law and investing in real estate since 1990 and has been involved in over 2,000 real estate transactions.

He has trained countless people all over the country to become financially successful.

Bill has served as President of the Colorado Association of Real Estate Investors since 1996. He is admitted to practice law before the bars of New York and Colorado.

He is the author of many excellent real estate investing and asset protection courses.

John Merchant is retired lawyer and long-time real estate investor. He's owned commercial real estate of every type in a number of states. He's a frequent speaker at real estate investment gatherings and contributes real estate investing articles to various real estate newsletters and publications.

His current real estate focus is the operation and expansion of a foreclosure trustee company and mobile home wholesaling.

John's book Use of IRA and Other Retirement Plans in Real Estate Investing was one of the first to address this real estate investment tool and has had many printings.

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Old 09-25-2001, 06:36 PM
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Default Corp./Trustee or Beneficiary/License in 3 States. - Posted by Jill
Posted by Jill on September 25, 2001 at 18:36:22:

Hello!
When taking title in a land trust should the corporation be the trustee or beneficiary? Also, what do I need for a corporation to take title in a land trust and how much will this cost? I plan on doing investing in three states; does a corporation have to be licensed in all three states and what is the cost?
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Old 09-25-2001, 06:49 PM
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Default Re: Corp./Trustee or Beneficiary - Posted by William Bronchick
Posted by William Bronchick on September 25, 2001 at 18:49:08:

The corporation would probably have to qualify to do business in the 3 states (some states are stricter than others). I would recommend using an individual trustee.
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Old 09-25-2001, 06:57 PM
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Default Re: Corp./Trustee or Beneficiary - Posted by Jill
Posted by Jill on September 25, 2001 at 18:57:34:

The reason I want a corporation to be my trustee or beneficiary is because I don't have anyone to be my trustee. All my immediate family has passed away. Therefore, should a corporation be my trustee or beneficiary?
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Old 09-26-2001, 11:42 AM
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Default Re: Corp./Trustee or Beneficiary - Posted by Bronchick
Posted by Bronchick on September 26, 2001 at 11:42:13:

You can use a corporation, but it will need to register in each state as a foreign entity.
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