ASSET PROTECTION

Because Legacy operates much like a private country club, the members of Legacy are equity member-owners and collectively they own the club. All Legacy properties are collectively held and deeded by the members. When you become a member of the Legacy family, your deposit is used to purchase the debt-free residences and is always secured by the tangible assets of the properties. Legacy is a member-owned destination club providing excellent asset protection and real ownership in the properties. Here are some ways in which your asset is continually protected.

• Legacy is a member-owned club
• Legacy member-owners hold title to the portfolio of properties. There are no mortgaged homes or leases held by Legacy. Legacy holds fast to a 7:1 member-owner family to property ratio.
• Legacy membership deposits are place in escrow until 7 memberships are fulfilled. Only at that point is a new home purchased. The new Legacy home is purchased outright with the member-owner’s deposits.
• Member-owner’s one-time fee is used only to purchase wholly owned real estate.
• As the Legacy homes appreciate, the appreciation is returned to the member-owners and not to the Legacy Management Team.
• If a member-owner leaves the Legacy family, he/she will receive 90% of their initial investment back.