ELF Trust Closure

ELF Trust ClosureUpdated: August 27th, 2024

Author:-elf

Created: July 24th, 2024

Having found no other beneficiaries or trustees to manage the land, the remaining two trustees Michal Lovejoy and Roger Lovejoy agreed to close the ELF trust:

Acknowledged by: Stephen Morris of the affiliated Riverland trust.

The land shall still be known as 'ELF' until disposed of.

Given the proprietor's duty to care for the land those not taking responsibility for the land will be removed from the relevant titles.

As per the ELF Trust deed (Rule 19) the land shall be invested in the only existing beneficiary, who will continue to implement an Increasing Ecological Land Use(IELU)to better further the ethos of the ELF trust.

Act 1: Remove Form B restriction from titles using RX3

July 24th: Trust closed via Government Gateway. ✅
August 16th:Trustees sign Closure Document ✅
August 17th: RX3 with aforementioned documents enveloped and ready to send to :
H M Land Registry Citizen Centre, PO Box 74, Gloucester, GL14 9BB ✅
August 20th: Sent RX3 with aforementioned documents and amendments ~ see comment. ✅
August 27th: Acknowledgment of receiptby Land Registry. ✅

Act 2: Transfer of Titles to Beneficiary

Transfer tiles to beneficiary: Transfer requires AP1, TR1 and 2 x ID1
ID requires documents [2 photos] and [solicitor]
Documents may be: [Water bill] and [Council tax]
Transfer of both titles simultaneously require only 1 ID from each proprietor.

Scene Change

From this point on the beneficiary will provide compensatory financial recompense to the ELF trust settlors to further their own ecological future (ielu) (ielu is Latvian for 'way')

Act 3: Transfer of land from Beneficiary

Discuss transfer with interested parties
Transfers without financial consideration will ensure an IELU.
Similarly any assets from a transfer shall be used to support an IELU.

Comment No. * from: roger [Member]

August 20th.

After a further chat with 'Land Registry' around 10:30am that as the Form B restriction on CL11#### mentioned 'Forest Agriculture' I submitted the original 'River Land' trust deed that Steve and I had signed clarifying that a) Riverland and Forest Agriculture referred to the same title restriction and b) That Steve and I had closed such trust.