30-10-2020 05:29 PM
I need to record a new Trustee on a title due to the old Trustee having retired.
The Land Titles Office Practice Manual states -
Instrument Required [1-2425] A Form 1 – Transfer is required that shows: (1) The retired/discharged/deceased trustee and any continuing trustees (as applicable) as transferor in Item 3. (2) Words to the effect of ‘As a consequence of the retirement/discharge/death of [name of registered trustee] who held the lot or interest in trust and the appointment of [names of new trustees] in accordance with the Trusts Act 1973’ in Item 4. If the trust is not already recorded on title and it is intended that the trust be disclosed, Item 4 should also include words to the effect of ‘and to declare the trust in accordance with s. 109 of the Land Title Act 1994’ or ‘and to declare the trust in accordance with s. 374A of the Land Act 1994’. (3) ‘[names of new trustee] as trustee’ in Item 5. This will include any continuing trustee, as applicable.
How do I insert these words into the consideration as there is no monetary consideration ?