Who can see your viewing activity?
lost connection. Can't hear Liz anymore =(
I'm glad to hear the recordings are helpful, Elaine. We've gotten that same feedback from other landowners. It's a real benefit of the technology.
now I can!
the Miller family video can be viewed here if you're interested in watching it later: https://masswoods.org/legacy
The recording of this and all the webinars can be found on MassWoods.org: https://masswoods.org/webinars.
If your land is in MA, this website is helpful for finding deeds online: https://www.masslandrecords.com/
"Using a Will to Pass on Your Land" publication: https://masswoods.org/sites/masswoods.org/files/pdf-doc-ppt/Using-a-Will-to-Pass-on-Your-Land.pdf
If you're interested, here's a publication about using wills: https://masswoods.org/sites/masswoods.org/files/pdf-doc-ppt/Using-a-Will-to-Pass-on-Your-Land.pdf
For a description of the different types of land ownerships, see pages 12 - 17 of "Protecting Your Legacy" https://masswoods.org/sites/masswoods.org/files/pdf-doc-ppt/PYL-Revised-2020.pdf
Although an owner might intend to convey the property prior to end of life, estate planning should arguably contemplate contingencies such as demise before property is conveyed and the inheritance by children or others. I would think that a Trust or LLC type of ownership might make sense even though family succession is not contemplated. Does this make sense?
If there is a Trust, Does the LLC within the Trut need to be setup by a lawyer lic. in MA?
Please feel free to type questions for Liz into the chat.
thank you very much. excellent presentation.
What would happen if there is still a mortgage/debt on the land?
Once land is owned by an irrevocable trust, does the trustee have authority to change its goals.