Document background
The Joint Tenancy Trust Agreement is a specialized legal instrument used in Hong Kong when multiple parties wish to hold property interests through a trust structure while maintaining joint tenancy arrangements. This document becomes necessary when parties want to combine the benefits of trust administration with joint ownership rights, particularly the right of survivorship. It is commonly used in family property holdings, investment structures, and estate planning arrangements. The agreement must comply with Hong Kong's Trustee Ordinance, Conveyancing and Property Ordinance, and related legislation. It typically includes detailed provisions for property management, trustee powers, beneficiary rights, decision-making procedures, and succession planning. The document is particularly valuable when parties seek to establish clear governance structures for jointly held property while maintaining the flexibility and protection offered by a trust arrangement.
