When you own a property with another or there are beneficial interests in a property, a declaration of trust amongst other things, will set out your respective shares in a property.

Unfortunately relationships can breakdown and no one can predict the future – circumstances you hadn’t previously ever envisaged can arise. Without a declaration of trust in place, you will have to apply to the courts to fight for your entitlement and this can be extremely time consuming and expensive.

A declaration of trust can be as complex or simple as you wish and can include provisions such as:

• Respective beneficial shares
• When a property can be sold
• How to market a property
• How to apply sale proceeds
• Restrictive covenants
• Rights to occupy
• Obligations
• Registration of restrictions at land registry

Having a declaration of trust in place will provide peace of mind and security to all parties involved. If ever required, you will have a safety net upon which you can rely on.

Please contact us today to safeguard your position for the future.