Decalaration of Trust
A Declaration of Trust is a legally binding Deed that clarifies the ownership of a property. This Deed will safeguard the financial contribution that you have made towards the purchase of a property.
This Deed is recommended if any of the following apply to you:
- Your child is buying a property and you have contributed towards the purchase price.
- You and your Partner are buying a property and you have contributed a greater share of money.
- You have spent money in improving someone else’s property so that the property has become more valuable.
- You have loaned some money to a loved one to enable them to buy a property.
A Declaration of Trust is inexpensive and it can prevent uncertainty and save you thousands of pounds in Court costs in the event of a dispute.