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Posted: 10/28/2014 1:08:39 PM EDT
Anyone in Minnesota here have experience purchasing property / hunting land etc... utilizing a Land Trust?  Would love to pick your brain.
Link Posted: 10/28/2014 4:37:08 PM EDT
[#1]
Sorry, no experience, but a gratuitous bump.
Link Posted: 10/28/2014 11:52:35 PM EDT
[#2]
You need to be more specific.  What kind of trust?  A conservation trust?  A beneficiary trust?



Trusts can be cool, but also very limiting.  Once you stick it in that trust, it's pretty much there forever.
Link Posted: 10/29/2014 5:54:25 PM EDT
[#3]
To my limited understanding in MN it would be a beneficiary trust with a standard trustee.    You can transfer property out of a trust if you want via the standard methods, the beneficiaries are still the title holders of the property.  

However, the benefits are far greater.  You don't have to record with the County if you are adding people or selling internally within a family or LLC.. AKA no taxes.   If you have a mortgage you don't invoke the expedited sales clause.
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