Legal Definitions - money land

Definition: Money land refers to money that is held in a trust with the intention of converting it into land.

For example, let's say that a person inherits a large sum of money and wants to invest it in real estate. Instead of buying land directly, they may choose to put the money into a trust that is specifically designed to convert the funds into land over time. This allows the person to take advantage of potential tax benefits and other advantages that come with holding money in a trust.

Another example of money land might be a situation where a group of investors pool their money together to purchase a large piece of land. Instead of each investor buying a portion of the land directly, they may choose to put their money into a trust that will eventually purchase the land on their behalf.

Overall, money land is a way for people to invest in real estate without having to directly purchase land themselves. By holding money in a trust, they can take advantage of various benefits and potentially see a greater return on their investment over time.