When a land trust expires, what must the trustee do with the real estate?

When a land trust expires, what must the trustee do with the real estate?

• A. Give the proceeds to the beneficiary
• B. Sell the real estate without any conditions
• C. Donate the property to charity
• D. Transfer ownership to the state

Answer: (A)

When a land trust expires, the primary responsibility of the trustee is to ensure that the interests of the beneficiary are honored. This typically involves distributing any proceeds from the sale of the real estate to the beneficiary. A land trust is a legal arrangement where a trustee holds the title to the property for the benefit of one or more beneficiaries. Upon expiration, the trust's assets, including any proceeds from the property, must be returned to the beneficiary, as they are the rightful owner of those assets. This process upholds the purpose of the land trust, which is to protect the interests of the beneficiary during the trust's duration. The other possible actions associated with the expiration of a land trust do not align with the fiduciary duty of the trustee or the legal structure of land trusts, which is why they are incorrect in this context.

When a land trust expires, the primary responsibility of the trustee is to ensure that the interests of the beneficiary are honored. This typically involves distributing any proceeds from the sale of the real estate to the beneficiary. A land trust is a legal arrangement where a trustee holds the title to the property for the benefit of one or more beneficiaries. Upon expiration, the trust's assets, including any proceeds from the property, must be returned to the beneficiary, as they are the rightful owner of those assets. This process upholds the purpose of the land trust, which is to protect the interests of the beneficiary during the trust's duration.

The other possible actions associated with the expiration of a land trust do not align with the fiduciary duty of the trustee or the legal structure of land trusts, which is why they are incorrect in this context.