Declaration of Trust Solicitors in Kent & South East London
Aletta Shaw's solicitors prepare declarations of trust that record exactly who owns what share of a property. This protects unequal contributions, deposits from family, and the interests of joint owners or investors, and prevents costly disputes if the property is sold or a relationship ends. Free initial call available.
Key fact: A declaration of trust is legally binding evidence of the beneficial shares in a property, which is especially important where owners contributed unequal amounts.
When you own property with others you can hold it as joint tenants or tenants in common, and a declaration of trust can set out each owner's share. Source: gov.uk.
Frequently asked questions
What is a declaration of trust?
It is a legal document recording who owns what share of a property and what should happen to the proceeds when it is sold. It is often used where owners put in different amounts.
Why do I need one?
It protects your financial contribution and avoids disputes between co-owners, couples or family members who helped with a deposit if the property is later sold.
Is it legally binding?
Yes. A properly drawn up declaration of trust is legally binding and provides clear evidence of the agreed shares, which the courts will uphold.
Speak to Aletta Shaw Solicitors for a free initial call on 020 8301 4884, or book a consultation. Offices in Bexleyheath, Blackheath, Petts Wood, Tunbridge Wells and St Katharine Docks.