Raleigh, NC asked in Estate Planning for North Carolina

Q: Need advice on how to setup a trust to protect a historic property in PA, owned jointly by me and my brother

I live in NC, my brother lives in MD. Which state would we need to establish this in and what type of trust would we need.

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1 Lawyer Answer
Ben Corcoran
PREMIUM
Ben Corcoran
Answered
  • Estate Planning Lawyer
  • Yadkinville, NC
  • Licensed in North Carolina

A: You can choose any of the three states, or even a completely different state. It might be simplest to set up the trust in PA as that is where the property is located, but I do not know PA or MD trust law, so I cannot advise the difference between PA, NC, and MD law.

As to the type of trust, you would have to sit down with a lawyer and discuss what you want to accomplish and how the trust was to be funded to give you a complete answer to that.

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