When two or more people buy a property together and their financial contributions are unequal, a Declaration of Trust can protect everyone involved. This will ensure that those contributions are recognised and an agreement is in place, in case the relationship between the owners breaks down. A Declaration of Trust can only refer to financial contributions for the property and a more detailed agreement, such as a such as a Deed of Arrangements which our Family Department will be able to help you with, may be more suitable.
We aim to build and maintain genuine relationships with clients and be professional and approachable. We are cost effective and offer flexible appointments in the office, at your home, on the telephone or with on-line video-conferencing.
Our senior private client specialist is a solicitor who has over 25 years’ experience dealing with matters such as this. We are able to guide clients when they are receiving a gifted deposit or when they are buying properties for letting rather than to live in, when the dynamics will be different.
For the quoted fee, we will either meet you to discuss your requirements or receive instructions from you. We will prepare a draft for you and send it with an explanatory letter for approval and either meet with you to sign it or send it to you at home for signature. We do not advise on any tax implications of the declaration of trust. We will store the declaration of trust for you free of charge unless you want to store it elsewhere. Minor amendments to the drafts are included but more significant changes may mean an increased fee depending on the complexity or the associated advice needed.
Our Guide to Declarations of Trust
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