REAL ESTATE HOLDING TRUST:

Asset Protection, eliminate probate costs and time delays.

The Real Estate Holding Trust, an irrevocable, inter vivos trust.

Specific Purpose: To hold real estate for asset protection purposes, for inheritance
purposes and to defer any capital gains upon sale of the property until such funds are paid directly to the named beneficiaries. If the "governing instrument" contains the provisions for it certain other expenses may be paid directly to creditors without creating a tax liability to the beneficiaries.

Special Provisions: The creator of this trust drafts a "contract" according to the instructions of the Grantor/Trustor which becomes the "governing instrument" of the trust. This "governing instrument" is otherwise known as the indenture or the contract agreement. If the specific provisions are written in the "governing instrument" then those provisions apply. If there is no provision covering a certain circumstance then the statutes apply.

Trustee: The Board of Trustees may consist of one person or as many as the creators may desire. Lord & Carter recommends from 3 - 5 members on the board of trustees. The signing power for purposes of banking transactions may be operable with one signature or may require two signatures as required by the "governing instrument". The trustee may appoint a manager to fulfill certain accounting duties. In order to maintain the trust as irrevocable there must be an unrelated trustee; an adverse trustee, one who has a small financial interest in the trust estate, and a third trustee who may be one of several beneficiaries. The sole beneficiary may not be the sole trustee.

Beneficiaries: In FDIC insured banks accounts are insured up to $100,000; however, trust accounts are insured up to $100,000 per beneficiary as long as the beneficiaries are registered with the trustee.

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