Florida Land Trusts provide unique opportunities for property owners in the areas of estate planning, privacy and asset protection. Florida has codified the common law land trust, commonly referred to as an Illinois Land Trust, in the Florida Land Trust Act, F.S. 689.071. One advantage of the Florida Land Trust over holding property in another entity such as a LLC, is that a home owner may retain the benefits of Florida’s favorable homestead protections and tax exemption while still maintaining confidentiality of ownership. Further, if formed correctly and used in the initial purchase, the beneficiaries of a Florida Land Trust may remain unidentifiable, whereas members of a LLC are easily discoverable by a simple internet search. Contact us today to learn more about Florida Land Trusts and their benefits.