British Columbia Land Trust Agreement

Set up a land trust to preserve certain lands for conservation, agricultural or recreational purposes with this Land Trust Agreement for British Columbia.

• The trustee will have the powers necessary to lease, sell, mortgage or otherwise deal with the land but shall only exercise these powers at the direction of the beneficiaries.
• The trustee is required to maintain a current list of all beneficiaries and to furnish the beneficiaries with an annual statement of Trust income and expenses.
• The trustee will have no personal liability for any obligation of the Trust.
• The agreement provides for the resignation and replacement of the Trustee.
• The beneficiaries are individually responsible for reporting their respective share of the profits and earnings from the Trust.
• The trustee is instructed to terminate the trust and distribute the Trust property prior to the legally permitted time period for the existence of the Trust under applicable laws.