Real estate privacy trusts (REPTs) can provide powerful protections and greater peace of mind to both individuals and businesses. Offering a unique solution for retaining anonymity in real estate transactions and holdings, REPTs can be prudent and highly beneficial in ways other devices simply cannot match.
REPTs are sometimes colloquially referred to as “Land Trusts.” However, unlike Illinois, Florida, and a few other states, Texas does not have a specific Land Trust statute.
At the Law Office of Todd A. Wilson, also TAW Law Texas, our trust attorneys have vast experience drafting, updating, and administering real estate privacy trusts for residential, commercial, and mixed-use properties.
No matter how straightforward or complex your needs may be, our trust lawyers can help you determine if an REPT is right for you and, if so, devise a custom REPT tailored to fit your exact needs, circumstances, and objectives.
Highlighting more about REPTs and what TAW Law Texas can do for you, the following addresses real estate privacy trusts in more detail, answering common questions about REPTs and our service offerings for these trusts.
Whenever you need answers specific to your situation, simply contact a trust attorney in Austin for a free, confidential consultation.
Real estate privacy trusts can be an effective means of achieving various objectives if you are a homebuyer, a residential property owner, an entrepreneur, a real estate investor, a celebrity, or anyone concerned about their names appearing in public, searchable records.
That is why our Austin trust attorneys are a leading resource and partner for REPT services in Travis County, Williamson County, Hays County, Bastrop County, Blanco County, and surrounding areas.
Here’s a closer look at how we serve our clients’ dynamic and evolving privacy needs via real estate privacy trusts.
A real estate privacy trust or REPT is a revocable living trust that can provide flexibility and privacy when it’s time to buy, sell, or own property. Specifically, when you set up an REPT:
With this framework, you can maintain control over your real estate and the REPT while keeping your name out of public records — and preserving privacy around your property holdings and real estate transactions.
Consequently, REPTs can be a practical way to hold, manage, and operate different types of real estate, including (but not limited to):
Buying property comes with a paper trail, a lot of which becomes public record after the transaction closes. Without a REPT in place, that could mean that you as a real estate buyer have your name peppered across several documents that are ultimately:
While you cannot get around completing certain paperwork when you’re buying property, you may be able to enter different information to mask your identity and minimize others’ ability to identify you as the property owner in the future.
Additionally, it’s crucial to understand that public records are just one side of the privacy coin here. With a REPT in place, property owners may also enjoy anonymity in terms of:
Those protections can be exceptionally advantageous as a screen for high-profile parties and famous folks, as well as those who need an REPT for safety reasons.
Real estate privacy trusts don’t work the same as other trusts, like grantor retained annuity trusts (GRATs) or irrevocable life insurance trusts (ILITs). That’s because REPTs have a different purpose, offering distinct opportunities and potential benefits, along with some strict rules and specific restrictions.
To walk you through how it all works, let’s say you’re setting up an REPT right now because you’re buying another piece of property. To do that and enjoy the advantages of this type of trust, here’s what usually needs to occur:
A thoughtfully constructed real estate privacy trust can work for months, years, or even decades serving grantors’ privacy needs, providing effective protections and reliable flexibility as well.
Any number of parties could benefit from real estate privacy trusts in Texas. That includes (and is not restricted to):
Please keep in mind that while many parties can enjoy multiple advantages from REPTs, some Texans may be privy to redactions of their personal information from some public records upon request.
Specifically, Texas Property Code Section 11.008(j) stipulates that the following parties can request to have their physical addresses (and other information) omitted from certain types of property records:
Whether or not that option is on the table for you, remember, privacy is not an inherent component of real estate transactions. Obtaining that privacy takes work, and ensuring you have the privacy protections you need can require an REPT crafted with the counsel of an experienced lawyer.
That’s where TAW Law comes in. Our Austin trust lawyers have created countless REPTs for various grantors with a wide array of needs and objectives. We can help you with your REPT needs, sharing more in a free, confidential consultation.
When you have an REPT, you have the means to buy, sell, own, and operate real estate with a shield of privacy. That is the main benefit of real estate privacy trusts because:
Along with privacy, other advantages of REPTs can include the abilities to:
You could see other benefits from setting up a real estate privacy trust, depending on your needs, your situation, and your goals. To get more insights about how REPTs could benefit you, reach out to TAW Law Texas for more information and answers.
Setting up a real estate privacy trust may be in your best interests whether you’re buying, selling, developing, or leasing property in Texas. To discover more about your options and whether an REPT is right for you, talk to an experienced Austin lawyer at TAW Law Texas.
We are ready to help you, answer your questions, and explain the next steps involved if you choose to move forward with a real estate privacy trust. We are also ready to deliver extraordinary counsel, support, and peace of mind going forward.