Is There Such a Thing as a "Land Trust" in Alaska, Arizona, California, Colorado, Oregon or Tennessee?
Every six months or so I get a call from someone, usually hailing from Illinois or Florida, wanted to form a "land trust" for the property they have acquired or are about to acquire in Tennessee. They get very frustrated when I tell them there is no such thing. They are familiar with "land trusts", know all about them, and are utterly convinced that I must not be a very good lawyer if I don't know about them. I do know about them; they just aren't a thing in Tennessee (or most other states for that matter). I try to explain that if they tell me what they are actually trying to achieve, we can probably get to the same place using different tools.