Land Trust

Hello everyone, is it possible to be both the trusteeand beneficiary of a land trust?

Comments(2)

  • ray_higdon15th December, 2004

    It's certainly possible but I read where they reccomend against it. PLus, the land trust is for anonymity, why would you want to be both?
    [addsig]

  • JohnMerchant15th December, 2004

    There's a legal term for this..."Merger", when T'ee and Ben'y become same person...and anybody who wanted to, could go to court to have the Trust declared an empty shell..

    The court would find the Trust was dead and enter a judgment that tit be terminated immediately.

    So it's better not to do it, to say the least.

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