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In the United States, the land owned by the United States government and held in trust for Native American tribes and individuals is sometimes referred to as a land trust. In Australia, Aboriginal land trusts are a type of non-profit organisation that holds the freehold title to an area of land on behalf of a community of Aboriginal and/or ...
A community land trust or (CLT) is a nonprofit corporation that holds land on behalf of a place-based community, while serving as the long-term steward for affordable housing, community gardens, civic buildings, commercial spaces and other community assets on behalf of a community.
An inter vivos trust is a trust created during the settlor's life. The trustee is the legal owner of the assets held in trust on behalf of the trust and its beneficiaries. The beneficiaries are equitable owners of the trust property. Trustees have a fiduciary duty to manage the trust for the benefit of the equitable owners.
The community land trust model already has begun expanding across St. Lucie County, Tasca said. She pointed to Habitat for Humanity of St. Lucie County, which recently adopted it for the homes it ...
The Land Trust for Tennessee is a non-profit conservation organization working to protect Tennessee's natural, scenic, and historic landscapes and sites. [1] Since 1999, The Land Trust has conserved more than 135,000 acres (550 km 2) of land across 65-plus Tennessee counties.
Image source: Getty Images. 1. You may be able to avoid the probate process. Arguably the biggest advantage of a living trust is that it can often allow your estate to avoid probate when ...
Image source: Getty Images. 1. You could avoid the probate process. Probate is a court process in which the court determines if a will is valid and then supervises the distribution of the assets ...
In the United States, off-reservation trust land refers to real estate outside an Indian reservation that is held by the Interior Department for the benefit of a Native American tribe or a member of a tribe. Typical uses of off-reservation trust land include housing, agriculture or forestry, and community services such as health care and ...
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