RSA 12D-7.011

Current through Reg. 50, No. 100; May 21, 2024
Section 12D-7.011 - Homestead Exemptions - Trusts

The beneficiary of a passive or active trust has equitable title to real property if he is entitled to the use and occupancy of such property under the terms of the trust; therefore, he has sufficient title to claim homestead exemption. AGO 90-70. Homestead tax exemption may not be based upon residence of a beneficiary under a trust instrument which vests no present possessory right in such beneficiary.

RSA 12D-7.011

Rulemaking Authority RSA 195.027(1), RSA 213.06(1) FS. Law Implemented RSA 196.001, RSA 196.031, RSA 196.041 FS.
New 10-12-76, Formerly 12D-7.11, Amended 2-25-96.