mtnwizard,
Can you provide the statue or act that states the 10% interest needed for establishment of beneficiary interest. I’m doing a little personel research into your idea. thanks.
Hi pvteer,
To answer your question, at least a 10% beneficiary interest should always be retained by the seller, in order to conform to the IRS’ 10% rule (i.e., no land trust beneficiary may hold less than a 10% interest); to discourage “Due-On-Sale” disputation; and to avoid a property tax reassessment.