Tax Deferred Exchanges
It is possible to effectively "sell" real or personal property held for investment without incurring an immediate capital gains tax on the profit realized. The mechanism for accomplishing this is a tax deferred or "Starker" exchange and Lakeside Bank is now acting as a qualified intermediary (QI) to facilitate these transactions.
A legal agreement where a trustee is appointed to maintain ownership of a piece of real property for the benefit of another party: namely, the beneficiary of the trust. Land trusts are used by several different types of organizations for several reasons; nonprofit entities use them to hold conservation easements, and corporations and investment groups use them to accumulate large portions of land.