[threwawasy1228]

As a serious answer for anyone reading this who might be curious, even though the the above comment is probably not asking seriously.

Most of these situations the land is placed in a thing called a 'land trust', at least that is the structure I see most often. These are generally then set out with an elected governing board, and a set of bylaws and rules about the lands. Often these rules can require a voting majority of everyone who placed in money on the land to make decisions about the land. Usually there is a minimum amount of land you personally must purchase in the larger purchase to constitutes a "share" like 1 acre.

If someone has a change of heart later down the line the trust actually is a very hard entity to get around even if you are on the board of a small 5-10 person land trust. There have been examples of such boards being flipped and sold, but more often than not what you encounter is: one of the board members is interested in selling off the land and is utterly unable to because of how the trust is structured. They can be pretty robust.

The only difference between buying land and creating your own trust and foundations like this is, the foundation ultimately controls all the board seats of land trust generally.

[std_throwaway]

So, if I go bankrupt it's basically worth nothing to anybody else because nobody could sell it for money? Even if it gets taken away and somebody else owns my shares they couldn't do anything with it when the board disagrees? Even if the state takes those shares and tries to force a selloff?

[threwawasy1228]

The answer is there are many ways in which the trust documentation can be completed and structured. Clearly you have never heard of this type of structure since is it really common even in normal trusts. It isn't really that weird.

For example: My friend has a trust that was structured such that, he was allowed 5k for graduating high school, and 5k for graduating college, and then he was not allowed any other access to his fund. He will not be allowed any other access to his fund until he turns 40. Any other expense has to be deemed an emergency and signed off on by a board of his trust which includes only bank employees, and his trust manager, he has virtually no influence over them. There have been times that he really needed his money and they deemed that he did not, and voted against giving him access to his own funds. So in short, YES what you are being sarcastic about is how trust often work.

I suspect based on your tone you are trying to be sarcastic and snarky and don't actually care about the intricacies of trust structures. I won't answer any of your questions directly, because they are unclearly written, but will instead suggest that this information is very easy to find with a quick search.

[std_throwaway]

Thanks for explaining.