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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="retrieverman" data-source="post: 4256758" data-attributes="member: 24452"><p>I don’t know how it works in an trust, but my understanding in just a piece of property with multiple “heirs” is even if you don’t “know” your cousins or their kids they’re still going to have to “sign off” on selling the property.</p><p></p><p>My Dad speculated in land and got into several situations where he just had to walk away, because one of the original heirs great grandkid didn’t want to sell unless they got “x” number of dollars. </p><p>It can and probably will be a mess.</p></blockquote><p></p>
[QUOTE="retrieverman, post: 4256758, member: 24452"] I don’t know how it works in an trust, but my understanding in just a piece of property with multiple “heirs” is even if you don’t “know” your cousins or their kids they’re still going to have to “sign off” on selling the property. My Dad speculated in land and got into several situations where he just had to walk away, because one of the original heirs great grandkid didn’t want to sell unless they got “x” number of dollars. It can and probably will be a mess. [/QUOTE]
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How to sell land in a defunct trust?
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