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Declarations of Trust

A Declaration of Trust is a legally binding document which sets out the beneficial ownership of a property. This can be used when two or more people purchase a property together and each has provided a different sum of money towards the purchase. Without a Declaration of Trust, the default position is that joint owners hold a property in equal shares.

A Declaration of Trust can also be used if a third party invests in the property, without having a legal interest in the property. This would then safeguard their interest in case the property is ever sold.

This document is usually prepared when a property is purchased. This is to set out all parties’ intentions of how the proceeds of sale should be dealt with in the future. A Declaration of Trust can be set up after you have purchased a house. This is providing that the other person involved with the house agrees.

We deliver advice and guidance in setting up a Declaration of Trust, please telephone +44 0 208 303 7755 to make an appointment today.

For probate matters, please Contact Us in order to discuss how we can help you.