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Updated almost 6 years ago on . Most recent reply

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Mike S.
  • Investor
  • Broward County, FL
933
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1,217
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Land trust as revocable trust

Mike S.
  • Investor
  • Broward County, FL
Posted

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.

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