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Fulton County Ohio | I will add a twist. What if the Trust owns an undivided interest in real estate with individuals. We have attempted to sort this out with the insurance agent and attorney's. No one seems to know.
How do you handle Workers' Compensation? Again, no one has an answer, especially Columbus.
Now add in multiple parcels with different percentage ownership on each parcel by the Trust and other individuals, all undivided interests. IRS can be satisfied and the insurance agent is glad to sell insurance, but will the coverage be there if a loss occurs? You never seem to know until it occurs. At that point all previous conversations and promises get tossed out the window. | |
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Liability of a trust owning land?
