Realty Trusts

[BarbaraJaneOrie]

What is the name of your state? Massachusetts

If the only Trustee of a realty trust resigns who owns the real estate?What is the name of your state?

 

[seniorjudge]

Q: If the only Trustee of a realty trust resigns who owns the real estate?

A: Same as before the resignation: the trust.

 

[tranquility]

However, only the successor trustee can act in the trust's name. If one was not adequately provided for in the trust documents, the state will have a statute on how to deal with the situation.