Setting up a land trust in Los Angeles

[Inquiry]

Does anyone know if the trustee can be someone that lives outside of the country? Like an uncle or brother? Can a trustee also be an S-Corp? I am trying to set up a land trust but not sure whether it is a good idea to have my S-corp which I own be the trustee. Any ideas?

Thanks!

[BLL11]

@Inquiry post:1

Does anyone know if the trustee can be someone that lives outside of the country?

No

@Inquiry post:1

Like an uncle or brother?

Yes, but they should be local to the property.

@Inquiry post:1

Can a trustee also be an S-Corp? I am trying to set up a land trust but not sure whether it is a good idea to have my S-corp which I own be the trustee.

It depends on the state, but any dealings with the property will require an attorney to represent the trustee.

@Inquiry post:1

Any ideas?

Hire an attorney.

[BLL11]

I see you are Los Angeles. CA has special rules for corporate trustees.