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Maybe never. Trusts can hold property indefinitely, beyond the lifetimes of those humans who set them up. If that is the wish of their creators, and if they were drafted carefully and correctly by an estate planning attorney.
What does the trust document itself say about this subject? That's where I'd look first.
The only obvious answer that I can think of without seeing the documents and knowing all the details is this: When the trust is no longer of any value to the beneficiary. When the core purpose of the trust has become unlawful, frustrated or obsolete.
What else can I help you with?
If timber is sold on land in irrevocable trust should it go into the irrevocable trust account?
no
Can you sell land out of a revocable trust?
Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.
If you are American Indian and purchase land is it sovereign?
No. Only reservation land is considered as such. Tribal land is held in trust and can only be leased it cannot be sold.
Can a trust property be sold is there a grant of probate issued?
If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.
When was Land Trust of Virginia created?
Land Trust of Virginia was created in 1991.
When was The Trust for Public Land created?
The Trust for Public Land was created in 1972.
When was Capitol Land Trust created?
Capitol Land Trust was created in 1987.
When was Vermont Land Trust created?
Vermont Land Trust was created in 1977.
What did native Americans believe could not be sold?
they believd that land couldn't be bought or sold LAND is the answer
What is the symbol for Texas Pacific Land Trust in the NYSE?
The symbol for Texas Pacific Land Trust in the NYSE is: TPL.
What word means something or someone that belongs to a certain place?
A person who belongs to a certain piece of land, so that they are sold when the land is sold, is called a serf or villein. A thing which is sold when the land it sits on is sold is called a fixture.
An advantage for the US business in the 1800 was that?
The government sold land at a low cost. Answer this question…
