Every state differs in their requirements as to what the corpus of the land trust must include so as to not create a passive trust and thus have the interests merged. I crafted my land trust documents to be specific to the laws here in NY state. Be very careful using boilerplate forms.
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Every state differs in their requirements as to what the corpus of the land trust must include so as to not create a passive trust and thus have the interests merged.
I crafted my land trust documents to be specific to the laws here in NY state.
Be very careful using boilerplate forms.