There are occasions when the owner of a property may need to hold the legal title ‘on trust’ for another person or persons who, for various reasons, may not be able to register a legal title as the joint owner. This may occur when a couple are cohabiting or where a family member or other third party have provided financial support.
In these cases, the legal title does not reflect the ownership and it may be that the owners have different financial interests in the property or different shares in the equity.
A simple Trust Deed can ensure that the rights and financial interest of all parties are protected in the event of a sale or disposal. Our team are experienced in drawing up Trust Deeds and can offer advice on how to create a framework that reflects the property ownership and how the proceeds of any sale should be divided.
Call us for confidential advice
Call 0800 080 3940 or email to contact a member of our team.
Your initial half hour consultation is without charge to help you choose your legal representation without pressure or obligation.