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Old 07-25-2005, 02:17 PM
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Question

farm trust

What is the name of your state?MD
I have a friend who wants to sell her farm, but she wants to make sure that it never gets developed. Someone told her to put it in a 'farm trust.' I have never heard this term before; what does it mean, and do we have it in MD?
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Old 07-26-2005, 09:39 AM
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Quote:
Originally Posted by bury
What is the name of your state?MD
I have a friend who wants to sell her farm, but she wants to make sure that it never gets developed. Someone told her to put it in a 'farm trust.' I have never heard this term before; what does it mean, and do we have it in MD?

**A: all that is needed is for the Seller tp place deed restictions on title specifying no development. A trust is not needed.
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Old 07-26-2005, 10:07 AM
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Not to step on HomeGuru's toes, but make sure that "development" is defined. Buyers still want to be able to build/rebuild a home or barn on the property, put in a driveway, etc. Also, if the land is large enough, buyers would also want to have one house on each portion if the land gets split up into two farms.
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