A “land trust” is an arrangement sold by promoters to try to provide some asset protection to real estate. The idea is that the real estate will be owned by a trustee, instead of the real owner, so that the real owner’s name will not show up in the county’s property records.
In reality, land trusts provide almost no asset protection; they are more in the way of a placebo to make you think that you have some asset protection on your real estate.
Here are some of the problems:
Why I Don’t Use Land Trusts For Client Asset Protection | Robert R Rowley.