Many farming clients choose to buy their farming properties in a newly formed or an established Family Discretionary Trust. When buying in this format it is extremely important to get the correct wording on the Offer and Acceptance document. It needs to be correct right from the first version of the Offer and Acceptance as it is difficult to change once the contract is signed.
It is important for the Trustee details to be exactly correct, whether the Trustee is a personal trustee or whether there is a company acting as Trustee of the trust. It is also vital that the Trust name is correct.