Well it would depend on what your intentions are with the property.

All my land trust are revokable - I want to be able buy, sell and split the real estate. My living trust is revokable - after I am dead, I feel comfortable saying, I am not coming back.

If you are planning on holding a place for a while, and plan are getting a bank loan against the property, most banks require you get the EIN. Does it make any sense at all -nope, but it does illustrate that even bank attorneys don't have a clue about land trust. They should be following the money so they should be chasing the beneficiary.

As for using the LLC as trustee, if you are doing the land trust for maximum privacy, don't use your LLC. They can look up the LLC on state department and track it back to you. Instead pick someone like NE, and you in kind be his trustee.

If you are looking lawsuit protection -

In a land trust the trustee can't do much of anything without authorization from the beneficiary. In the trustee instructions, let each other know that in the event of getting official service, that the successor trustee (who happens to be in a third state), is to take over. You as trustee only have an email address for the successor trustee.

How does that work in the lawsuit? NY attorney files on the NY Land Trust. He learns that the trustee isn't in NY, so he has to find and serve the trustee in PA using a PA attorney. As the certified notice goes out to NE, Ne lets them know he hasn't been the trustee for months but to reach out to Tim in Arkansas at Tim @ Arkansas dot com. Now how does one ever prove service via email? Oh and what state laws apply to that email?

After trying to play Whack a Mole and hiring two out of state attorney's, The NY based ambulance chaser tells his slip and fall victim to make sure it wasn't the neighbor's property that he slipped on.......after all that neighbor has a mortgage satisfaction piece against that property.

Now if you are doing the land trust for a simple sub to deal, no need at all to pull an EIN for the trust. The IRS will tell you need to file a 1041, but as long as you have the address on your schedule E, you don't even need to that on the EIN for the land trust.

Hope that helps. If you have additional questions, give me a call

@Ray: your "whack-a-mole" example is not valid.

I am the New York plaintiff's attorney. I find that the trustee of the trust is NE in PA. I do NOT need to hire an atty in PA. I have my local (New York) atty service, who I work with at least once every week, contact their corresponding attorney service in the part of PA that NE is located in. The PA attorney service serves NE in PA. This could be by personal service or by "substituted service" -- kind of like "nail and mail." That might cost me an extra $100 [and ten minutes of my time] to get service in PA.

I then proceed to take the default of NE in PA as Trustee of the Ken in NY Land Trust. I serve a copy of the default papers on NE in PA as Trustee (normal US mail). Does NE appear in the NY court to say "I'm no longer the Trustee, this is invalid"? Does the NY Judge demand information from NE in PA?

IF the Judge decides that service on NE in PA was not valid, I will then have my attorney service contact their buddies in TN to serve Tim in TE. Again, no big deal. And the judge in the case now knows that Ken in NY is playing games. Judges remember this throughout the case!

Well before you petition the courts in order to get your summons, you will want do that asset search. Are you searching all 50 states? Nope - you are looking for NE in NY who isn't there. At best, you get a PO Box in Pa

There is no way to 100% avoid ever getting sued. But Bill Bronchich, one of three top national asset protection attorneys seem to think that land trust can effectively prevent it the vast majority of the time.

Said another way, in Law school you get a solid three hours of land trust training. How many months do you get about how to file suits? You can play to an attorney's strengths, or you can force the attorney to go in front of the judge to determine why a specific type of service is justified.