Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
Land trust as revocable trust
In a typical land trust, a grantor transfer title of a property to a trustee, with the beneficiary having power of direction.
In a typical revocable grantor trust, the grantor can revoke the trust at anytime and transfer the property back to him.
It is my understanding that a land trust is in the family of revocable grantor trust. Does that mean that the grantor can transfer the property back without the approval of the trustee and/or beneficiary?
I am probably missing something or making a wrong assumption somewhere... Can someone enlighten me.