Question

A distinguishing characteristic of owning property by land trust is that:

A. identity of legal owner is kept confidential
B. easier to foreclose on
C. easier to sell it
D. tax benefits

Answer 1

A distinguishing characteristic of owning property by land trust is that the identity of legal owner is kept confidential.

Step-by-step explanation:

A distinguishing characteristic of owning property by land trust is that the identity of legal owner is kept confidential. A land trust is a legal entity that allows individuals or organizations to own and manage land for a specific purpose, such as environmental conservation or property development. By placing the property in a land trust, the owner's name is not publicly disclosed, providing privacy and protection. This confidentiality can be beneficial for individuals who wish to maintain their privacy or protect their assets.