Question: One unique feature of a land trust is that the trustee controls both the trustor and the beneficiary the trustee takes ownership of both land

One unique feature of a land trust is that
the trustee controls both the trustor and the beneficiary
the trustee takes ownership of both land and improvements
the identity of the beneficiaries may not be identified
the properties in the trust are probated in the states where the properties are located

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

You are a paralegal working for a law firm (make up a name and Tucson address) that represents the American Eagle Mortgage Company. American Eagle Mortgage Company is making a real estate mortgage...

Q:

Building and Construction BSBSMB401 Establish legal and risk management requirements of small business Learner Materials and Assessment Tasks Table of Contents About BSBSMB401 Establish legal and...

Q:

will you please answer my questions i just posted 6. Audit Considerations: a. What material types of transactions and transaction cycles are involved? b. What are the high-risk areas? c. What are the...

Q:

Question 1.Which of the following plans provide the greatest immediate tax benefit for the participating employee? (1) Roth IRA (2) deductible IRA (3) non-deductible IRA (4) 401(k) a. (1) and (3)...

Q:

Develop a quick case brief for the following including: 1. Facts of the case 2. Issues with categorical answer 3. Ruling of the Court 4. Decision of the Court 142 B.R. 47 (1992) In The Matter of...

Q:

I have to create a program in C and I can't figure it out. The program has to read a source file. Please help. /******************************************************************** PROJECT: Glossary...

Q:

I need an expert for this. please check info for details. For exclusive use Florida International University, 2015 REVISED SEPTEMBER 6, 2013 CRAIG FURFINE KEL757 The Return of the Loan: Commercial...

Q:

I need your help in this. today. will be your client. For exclusive use Florida International University, 2015 REVISED SEPTEMBER 6, 2013 CRAIG FURFINE KEL757 The Return of the Loan: Commercial...

Q:

Question 1 1 pts A biweekly mortgage: Group of answer choices has one rate adjustment after a set period, such as five years increases at regular intervals, with the increased payments used to pay...

Q:

Tutorial No. 5 Capital Gains and Losses (Starting the week beginning Monday 28 August 2017) Q 1 Income vs Capital - Why is the distinction important to individuals? Jeremiah and Jaini were walking...

Q:

Galileo devised a simple terrestrial telescope that produces an upright image. It consists of a converging objective lens and a diverging eyepiece at opposite ends of the telescope tube. For distant...

Q:

Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go- karts: Deluxe and Basic. Activity Handling materials Expected...

Q:

what should be added or corrected in the below text As a group, we will resolve conflicts by ensuring that each member has the opportunity to contribute input on decisions being made. We are to...

Q:

Q What is the function of anti-pumping in the circuit breaker?