In a land trust, who retains control over the management of the property?

In a land trust, it is the trustor, who is also the beneficiary, that retains control over the management of the property. This arrangement allows the trustor to benefit from the property while having the trust provide legal title to the trustee. The trustor can retain significant control over decision-making related to the property, such as leasing, selling, or maintaining it. This setup is designed to provide privacy and protect the trustor's interests, allowing them to direct how the property is managed without being encumbered by the constraints of traditional ownership.

The other choices do not align with the structure of a land trust. The trustee primarily holds the legal title and acts on behalf of the trustor or beneficiary but does not control management decisions. The general public does not manage or control the property; rather, transparency is often maintained through the trust agreement without public ownership or management responsibilities. Courts may become involved in disputes but do not play a role in the regular management of the property under a land trust.