Wednesday, September 16, 2015

Can you put land in a family trust, and then put manufactured home on it?


My fiancé's grandmother has 96 acres of farm land that has 1 house on it (it has no mortgage). We want to put a manufactured home on the land but are looking at ways to bypass the subdivision process and what not. The overall census in the family is to keep the property in the family name once the grandmother passes away. Would it be possible to put the land into a trust now, with our names as well as other family members in there as "trustee, beneficiary, etc", and once it all goes through put a home on the land because our names are now on the trust? This is new to us, and a consult with an attorney is in the future, just trying to get a heads up on what is legal and easiest. Thanks!

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