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Updated 8 months ago,
Trustee services for a land trust
I’m in the process of creating a land trust. One of the requirements is to have a trustee. selecting a friend/family isn’t an option for me. What do people generally do in these cases? Use a trustee service provider? Any recommendations for such companies?
A quick search shows that such companies charge a certain percentage of the asset value per year. Even with less than 1%, it can be a huge cost.