Notes and Land trust

Hello to all that read this post, I hope that this question is pertinent to this forum…

I have read literature suggesting that you should never give a personal guarantee when you create a note with a seller. You should make a land trust assume the note.

My questions are:

  1. How does a land trust assume notes?
  2. Do you allow your corporate entity assume the note, then transfer it to a land trust?
  3. Who would be the beneficiary of the land trust in this scenario?
    The homeowner or your corporate entity

Any feedback would be gladly appreciated