What type of trust holds land for a long period of time for the benefit of a named party?

A land trust is specifically designed to hold land for a designated period while benefiting a named party or parties. This type of trust allows the land to be managed and controlled in a way that reflects the interests of the beneficiaries without necessarily revealing their identity in public records, enhancing privacy. Land trusts are often utilized for conservation purposes, asset protection, or estate planning, enabling efficient management of the property.

The other options do not accurately describe a trust that specifically focuses on land and its long-term benefits for a named party. A real estate trust typically refers to a form of investment structure rather than a trust designed explicitly for holding land for a specific beneficiary. An investment trust is more about pooling resources for investing purposes and is not confined to land. Equity trusts usually relate to ownership and control of assets, particularly in the context of stocks and financial interests, rather than specifically land management.