A Land trust is a simple, inexpensive method for handling the ownership of real estate in Illinois. 

It is an arrangement by which legal title to real estate is transferred from you to a land trust with Home State Bank as trustee. However, unlike a revocable living trust, all of the rights and conveniences of ownership are exercised by the holder of the beneficial interest, not the trustee. The trustee will execute deeds and mortgages and otherwise deal with the property only as directed in writing by the beneficiary.

Under a land trust agreement, the party creating the trust can retain sole control over the property during their lifetime, with any desired succession in ownership becoming effective upon death without the need for probate or giving an immediate ownership interest in the property.

Your attorney must review all documents. Home State Bank, N.A. is not authorized to practice law and we cannot provide legal advice or services.

The following documents are available in PDF format for download or printing:

You will need the Adobe Acrobat Reader to view these documents.

Jill Heffron, Trust Department 

Jill Heffron 

Trust Operations & Land Trust Supervisor

For more information, contact Jill Heffron, Senior Trust Associate, at (815) 788-3424 or via email at jheffron@homestateonline.com. 

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