OUR GOAL—YOUR Complete Satisfaction and Understanding
Our goal is to provide each of our clients with as much information as possible about Asset Protection, Trusts and Wills. As you will see as you review the following material, there is a lot of information to digest and consider. Many legal aspects may be complex and confusing. We want you to know we are available to speak with you about any legal aspects of Asset Protection, Trusts and Wills at your convenience either over the telephone or in person at the Spiegel and Utrera, P.A., office nearest you. What do some of these terms mean? Click here for a Glossary.For answers to Frequently Asked Questions (FAQs) about Asset Protection, Trusts and Wills. Click here for FAQs.
Nevada Land Trust
Nevada has what is known as a “community land trust,” where in order to provide for affordable housing, an organization, typically a non-profit corporation with tax exempt status, acquires parcels of land that are held in perpetuity primarily for conveyance under long-term ground leases. Such organization transfers ownership of any structural improvements located on the leased parcels to the lessees. Then, when leasing such parcels, the organization retains as a condition of the lease a right to purchase any structural improvements at a price determined by a formula that is designed to ensure that the improvements remain affordable to low- and moderate-income persons in perpetuity. The organization has its corporate membership open to any adult resident of a particular geographic area that is specified in the bylaws of the organization. Let us incorporate a not-for profit corporation for you and prepare these important documents for you for $667.95.
Also, what in common parlance may be referred to as a “land trust” may legally and more properly referred to as a conservation easement (available in all states), where a not-for profit corporation with tax-exempt status obtains property in order to restrict its use by agreement, where the property is predominantly in its natural, scenic, open, agricultural, or wooded condition so that it is suitable habitat for fish, plants, or wildlife, or so that the property maintains its historical, architectural, archaeological, or cultural significance, or so there is a prohibition on existing land uses from construction or placing of buildings, roads, signs, billboards or other advertising, utilities, or other structures on or above the ground, dumping or placing of soil or other substance or material as landfill or dumping or placing of trash, waste, or unsightly or offensive materials, removal or destruction of trees, shrubs, or other vegetation, excavation, dredging, or removal of loam, peat, gravel, soil, rock, or other material substance in such manner as to affect the surface. Let us incorporate a not-for profit corporation for you and prepare these important documents for you for $667.95.
There are many benefits to starting a business and
incorporating. Some of the benefits of starting a business
include protection of your personal assets, ease of raising
capital, gain anonymity, available tax benefits and more!
Material presented on AmeriLawyer.com is intended for information purposes only. It is not intended as professional advice and should not be construed as such. The U.S. Treasury Department requires us to inform you than any information obtained from this website is not intended or written by our law firm to be used, and cannot be used by any taxpayer, for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code. Advice from our firm relating to Federal tax matters may not be used in promoting, marketing or recommending any entity, investment plan or arrangement to any taxpayer.