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The Water Cooler
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How to sell land in a defunct trust?
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<blockquote data-quote="sh00ter" data-source="post: 4256728" data-attributes="member: 24531"><p>Grandpa bought some land ~45yrs ago in another state and never occupied it. He passed, grandma got dementia and land was put into the name of a trust that was meant for my Dad and his siblings (who also have children). Dad was paying the property taxes with trust money until Grandma passed and then he paid the taxes himself for decades until he passed. I took over doing the same and still receive the annual bill. Dad's siblings also passed and I have no relationship or knowledge of where my cousins I have not seen in 40yrs are. That side of the family wasn't close so I didn't spend much time with them as a kid. It is only just over an acre and still not worth much on the assessment value. An attorney once told me it would probably cost more than the land was worth to get it all situated. However, I wanted to ask y'all if there are any suggestions. I "feel" like since nobody even remembers it and my Dad and I have pretty much exclusively paid the taxes for most of the time it was owned that maybe somehow I could get it put into my name? The bill still comes to the name of the trust, but that is no longer in effect as far as I know. Anyone have any suggestions?</p></blockquote><p></p>
[QUOTE="sh00ter, post: 4256728, member: 24531"] Grandpa bought some land ~45yrs ago in another state and never occupied it. He passed, grandma got dementia and land was put into the name of a trust that was meant for my Dad and his siblings (who also have children). Dad was paying the property taxes with trust money until Grandma passed and then he paid the taxes himself for decades until he passed. I took over doing the same and still receive the annual bill. Dad's siblings also passed and I have no relationship or knowledge of where my cousins I have not seen in 40yrs are. That side of the family wasn't close so I didn't spend much time with them as a kid. It is only just over an acre and still not worth much on the assessment value. An attorney once told me it would probably cost more than the land was worth to get it all situated. However, I wanted to ask y'all if there are any suggestions. I "feel" like since nobody even remembers it and my Dad and I have pretty much exclusively paid the taxes for most of the time it was owned that maybe somehow I could get it put into my name? The bill still comes to the name of the trust, but that is no longer in effect as far as I know. Anyone have any suggestions? [/QUOTE]
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How to sell land in a defunct trust?
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