Trust Update ViewsUpdated: June 3rd, 2017Created: June 3rd, 2017
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Since Vera has forgone the benefits of the trust I am the sole human beneficiary, and as manager of the property, trustee and settler it falls upon me to state the obvious: The trust is hardly fit for purpose as none of the other settlers use the land as proclaimed and hence have no claim as beneficiaries.
Given my declining abilities and lack of future users I am considering winding up the trust which leaves a few questions and options open to me.
Simple Appearances: The land provides a stand-off bio habitant that is a direct consequence of the settlers intent which appears to mitigate, in some way,1 the general deprecation to the varied environment by the continuing and increasing demands the settlers place upon the environment and community at large.1. So in this respect at least two thirds of the land could arguable stay as a trust for wildlife to offset the settlers original plans and subsequent avoidance. The simple solution here would be to pass the trust to another environmental group for posterity, lol I have yet to find one that has both the same philosophy managed by people with any degree of integrity.
That even the so called vegan environmentally green settlers cannot bring themselves to manage the property gives me grave concern for other's self asserted abilities.
Closing the trust rather than transferring it to new trustees would see me as the sole freeholder of the property, yet as the reason for closing is my declining ability to manage then I would have to consider selling the land. The authority coming from being the only beneficiary,
as for the likelihood of there being others soon see page on beneficiary application.
This would just put me a position of what to do with the money and where to habit given my continuing philosophy, that I continue on the challenge defined in the ELF trust. The obvious solution would be to buy land elsewhere and continue alone. Maybe a smaller area with more comforts and easier to manage, but as decrepitude sets in to muscles and bone, mind and will, I envisage other changes. Such changes would require other people to help the new trust and by extension my own person. On the face of it, it is possible, but reeks of just self indulgence of the weak, which I am all to apt to label others with.
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