Declaration of Trust/Trust Deed
A Declaration of Trust is a bespoke legal document recording the arrangements in respect of a property between you and the co-owner of your property. It covers your respective legal obligations and responsibilities and how the sale proceeds will be split when the property is sold.
Usually, the shares in the property are recorded since this can be different to the legal ownership which is shown on the title to the property.
A Declaration of Trust is recommended when the owners of a property are not married, when a parental gift is given to only one of the owners, or when the contribution to the purchase money is unequal between the owners.
We can cover most circumstances by carefully drawing up a bespoke document which will accurately reflect your wishes.
Send us your contact details and we'll be in touch to discuss how we can help.
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