Land Trust

A Land Trust is a simple, inexpensive way for handling the ownership title of real estate.

The benefits of a Land Trust include:

• Privacy of ownership
• Privacy from the Internet
• Avoidance of probate (estate planning)
• Liability protection at times
• Ease of Conveyance

The forms contained on this site are forms which may be required and are here for your convenience. If you do not see a form you need, have a question, or need further information only about our Land Trust services, please contact Debra Posavec,
Land Trust Administrator at 630-773-0350, Ext. 256. (Please contact your attorney)

Land Trust Forms

Open a New Land Trust: 

• Trust Agreement
• Affidavit for Property Acceptance
• Patriot Individual Form (Customer I.D.)
• Patriot Business Form (Customer I.D.)
• Deed in Trust (exempt from Transfer Taxes)
• Deed in Trust (not exempt from Transfer Taxes)
• Trust to Trust Conveyance: Trustee's Deed
• Grantor-Grantee Statement
• Guidelines for Attorneys 
• Form W-9 (Tax Payer ID Number) 

Transfer Property out of Land Trust: 

• Direction to Convey (no CABI)
to be executed by the Power of Direction Holder
• Direction to Convey 
• Release of ABI 

Name or Change of Contingent Beneficiary:

• Amendment to Trust
• Amendment to Change Power of Direction  

Name or Change Primary Beneficiary:

• Assignment 
• Statement of Successor 

 Execute Documents:

• Direction to Execute (no CABI)
• Direction to Execute  

Itasca Bank & Trust Co. maintains this site as a convenience and service to its customers. It is designed to provide information about Itasca Bank & Trust Co.'s products and services. Itasca Bank is not a law firm and does not engage in the practice of law, nor provide legal or tax advice, nor legal representation. All information on this site is for self-help purposes and is not intended to be a substitute for legal advice. Please contact an attorney or tax advisor for further assistance.