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The US Census has provided data for trust lands since the 1980 Census. Under the Indian Gaming Regulatory Act, tribes can purchase off-reservation land and have it placed in trust in order to operate casinos on the land. [2] For example, in 2015 the Spokane tribe won Bureau of Indian Affairs approval for an off-reservation casino. In 2008, the ...
It ruled that if a land trust was set up with some minor duty on the trustee (such as to deed the property to the beneficiaries 20 years later), then the trust would not be considered passive and would be valid. Thus, the land trust in America today is often called an "Illinois-type" land trust or "Illinois Land Trust". [2]
State trust land managers lease and sell these lands to generate revenue for current and future designated beneficiaries. Predominantly found in the western United States, 46 million acres of land are currently designated as trust lands and the proceeds from the lease and sale of these lands are distributed into a state's permanent fund and ...
A trust generally involves three "persons" in its creation and administration: (A) a settlor or grantor who creates the trust; [11] (B) a trustee who administers and manages the trust and its assets; and (C) a beneficiary who receives the benefit of the administered property in the trust.
As part of its trust responsibilities, the BLM provides technical advice for minerals operations on 56 million acres (230,000 km 2) of Indian lands. [67] Leasing and Land Management of Split Estates. A split estate is similar to the broad form deeds used, starting in the early 1900s. It is a separation of mineral rights and surface rights on a ...
Originally formed as the Land Trust Exchange in Boston on February 22, 1982, Allan Spader was named its inaugural director. [3] In 1990, the name of the organization was changed to the Land Trust Alliance and was moved to Washington, D.C. [3] The Land Trust Alliance has sponsored "Rally," a yearly conference of conservation professionals, since ...
A land grant is a gift of real estate—land or its use privileges—made by a government or other authority as an incentive, means of enabling works, or as a reward for services to an individual, especially in return for military service. Grants of land are also awarded to individuals and companies as incentives to develop unused land in ...
The beneficiaries of a trust are the beneficial owners of equitable interests in the trust assets, but they do not hold legal title to the assets. Thus this kind of trust fulfills the goal of asset protection planning, i.e. to insulate assets from claims of creditors without concealment or tax evasion.