Property trusts in the UK are subject to the same rules as other trusts, including that they have to have sufficient assets to survive a crash.
The Government has committed to paying for the purchase of land in the county of Essex and has committed a further £100m to the project.
But property trusts have to be able to keep some of their properties, including the ones in the estate of Lord Robert de Clare, who died in 1871.
“The trusteeship in general is very limited in that you have to manage the estate,” Mr Davies said.
“You don’t have the right to own any assets in the trust.”
“If you were to lose the property and sell it to someone else, the trusteeship will have to go back to the council.”
The trust is a very important part of a person’s estate and will be responsible for managing their estate.
“Mr Davies said it was important for the trust to be run efficiently, adding: “It will have the burden of maintaining the assets that the trust is responsible for.
“He said the trustees would be given extra responsibilities to ensure that the property was “in good order and in good condition”.”
The responsibility of keeping the trust up and running is also something the trustees are required to do,” he said.
In the event of a crash, property trusts in England and Wales have a right to be liquidated.
If the property is not in the hands of the trustee, the value of the trust will be recovered from the estate.
Read more about trusts: The Trustee’s Guide to Trusts: