Do I have any rights to ground in a trust if I am currently leasing the ground?

I am currently leasing ground for farmland that I am also the beneficiary of in a
trust. I would like to take ownership of the land, but one of the other
beneficiaries also wants it.

Asked on December 13, 2017 under Estate Planning, Kansas


SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

Leaving land, whether from a trust, a company (e.g. LLC or corporation), or an individual gives you no right to the land--i.e. no right to acquire, own, etc. it.
Trusts are controlled by their terms: if the terms of the trust give you the right to buy the land, you can do so, but not otherwise.

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