You can create a Land Trust by signing a simple Trust Agreement with Old Second National Bank. This may be done either at the time the real estate is purchased or after it has been acquired.

Under the Agreement, you, the owner (and beneficiary), direct Old Second to hold title to the real estate for you. You, as beneficiary, with the power of direction, retain the right to manage and control the property. You also retain the right to sell the real estate. This will require completion of the Direction for Trustee's Deed and Trustee's Deed .

Your attorney will be able to answer any legal questions which you may have and assist you in preparing the necessary documents to create your Land Trust.

To request documents or for further questions, contact us at 630-906-2000.