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Land Trust Agreement
"I need a Land Trust Agreement for a family-owned agricultural property in Canton Vaud, Switzerland, with provisions for sustainable farming practices and income distribution among three adult children as beneficiaries, to be effective from March 2025."
1. Parties: Identification of the Settlor, Trustee(s), and any named Beneficiaries
2. Background: Context of the trust creation, purpose, and general intentions of the parties
3. Definitions: Key terms used throughout the agreement, including property-specific terminology and Swiss legal concepts
4. Trust Declaration: Formal declaration of trust, transfer of property, and trust purpose
5. Property Description: Detailed description of the land/property being placed in trust, including cadastral details and registration information
6. Trustee Powers and Duties: Comprehensive list of trustee authorities and responsibilities in managing the trust property
7. Trust Administration: Rules for day-to-day management, decision-making processes, and administrative procedures
8. Beneficiary Rights: Rights, interests, and entitlements of the beneficiaries in relation to the trust property
9. Duration and Termination: Term of the trust and circumstances under which it may be terminated
10. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction for disputes
11. Amendment Provisions: Procedures for modifying the trust agreement
12. Execution and Signatures: Formal execution requirements and signature blocks
1. Environmental Management: Specific provisions for environmental protection and conservation if the land has ecological significance
2. Agricultural Use: Special provisions for agricultural land management if the property includes farmland
3. Development Rights: Provisions regarding potential development of the land, included when future development is contemplated
4. Foreign Ownership Compliance: Additional provisions ensuring compliance with Lex Koller when foreign persons are involved
5. Co-Trustee Provisions: Procedures for multiple trustees if more than one trustee is appointed
6. Income Distribution: Specific rules for distributing income from the property if it generates revenue
7. Successor Trustee Provisions: Detailed procedures for trustee succession if specific succession arrangements are desired
1. Schedule A - Property Details: Detailed legal description of the property, including cadastral maps and land registry excerpts
2. Schedule B - Initial Trust Assets: Inventory of all assets being transferred into trust, including the land and any associated rights
3. Schedule C - Beneficiary Information: Detailed information about beneficiaries and their respective interests
4. Schedule D - Management Guidelines: Specific guidelines for property management and maintenance
5. Schedule E - Fee Schedule: Trustee compensation and fee structure
6. Appendix 1 - Land Registry Documents: Copies of relevant land registry extracts and certificates
7. Appendix 2 - Property Photographs: Current photographs and condition documentation of the property
8. Appendix 3 - Required Permits: Copies of relevant permits, including any Lex Koller permits if applicable
Authors
Real Estate
Property Management
Agriculture
Environmental Conservation
Private Wealth Management
Banking & Finance
Legal Services
Trust Services
Property Development
Investment Management
Legal
Real Estate
Compliance
Property Management
Wealth Management
Investment
Tax Advisory
Environmental
Asset Management
Trust Administration
Real Estate Lawyer
Trust Officer
Property Manager
Estate Planner
Wealth Manager
Legal Counsel
Compliance Officer
Land Registry Officer
Real Estate Investment Manager
Asset Manager
Tax Advisor
Property Developer
Environmental Consultant
Agricultural Consultant
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