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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]
American Farmland Trust (AFT) is a non-profit organization in the United States with a mission to protect farmland, promote environmentally sound farming practices, and keep farmers on the land. AFT is staffed by farmers, policy experts, researchers, and scientists, and governed by a board of directors.
In the United States, off-reservation trust land refers to real estate outside an Indian reservation that is held by the Interior Department for the benefit of a Native American tribe or a member of a tribe. Typical uses of off-reservation trust land include housing, agriculture or forestry, and community services such as health care and ...
The Land Trust of Virginia (LTV) was originally formed in 1991 as the first statewide nonprofit land trust in the Commonwealth of Virginia.LTV uses a legal tool called a conservation easement to help landowners voluntarily protect scenic, historic or environmentally sensitive lands while keeping the land in private ownership and open for compatible uses, including forestry, farming, recreation ...
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.
Some North American conservation land trusts: The Black Family Land Trust [5] Blue Mountain Land Trust [6] Center for Natural Lands Management [7] Crooked Creek Conservancy [4] Edmonton and Area Land Trust [8] Maryland Environmental Trust [1] Northcentral Pennsylvania Conservancy [1] Sierra Gorda [4] Sociedad De Historia Natural Niparajá A.C. [4]
Disabled Trust Similar to an A&M trust but established for a disabled person. Reverter to Settlor trust A trust where, on the death of the life tenant, the property reverts to the person making the gift. Nil Rate Band Discretionary trust UK inheritance tax is payable at 40% on estates worth over £325,000 for the 2009-2010 tax year.
A community land trust or (CLT) is a nonprofit corporation that holds land on behalf of a place-based community, while serving as the long-term steward for affordable housing, community gardens, civic buildings, commercial spaces and other community assets on behalf of a community.