A Declaration of Trust (Trust Deed) is a legally binding document stating how property is owned. The declaration should set out the contributions that each person has made to the purchase of the property, who owns what and what happens in the event of someone wishing to move on.
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In addition it may set out details of how the property expenses will be paid, responsibility for insurance, repairs, mortgage, maintenance and should provide a mechanism for the sale of the property, in the event of a breakdown in the relationship, on the death of one party. The parties are bound by the terms of the declaration, providing clarity and certainty.
We can assist with the related registrations at the Land Registry to protect the interests of contributing parties.
At K J Smith Solicitors, our private client team are members of the Society of Trust and Estate Practitioners (STEP), an internationally recognised organisation whose members consist of accountants and lawyers and who are specially qualified to advise on and assist with Private Client matters.
Our private client team are also members of Solicitors for the Elderly (SFE) a specialist group of lawyers who are qualified to advise more elderly clients on matters of particular concern to them.
We offer a free initial 15 minute telephone appointment to give you the opportunity to speak to us, before deciding if you wish to proceed in instructing us to act on your behalf.
Please contact K J Smith Solicitors today on 01491 630000 (Henley on Thames), 020 7070 0330 (London), 0118 418 1000 (Reading), 01753 325000 (Windsor), 01256 584000 (Basingstoke), 01483 370100 (Guildford), 01494 629000 (Beaconsfield), 01235 375500 (Abingdon) or email email@example.com.
We have offices in Henley-on-Thames, London, Reading, Windsor, Basingstoke, Guildford, Beaconsfield and Abingdon but we service clients in the surrounding areas including Gerrards Cross, Maidenhead, Marlow, Oxford, Slough, Wokingham, and High Wycombe.