Declarations of trust
If you own a share of a house, a declaration of trust says how much you’ll get when it’s sold – we’ll help you draw up a document that protects everybody.
Declarations of trust
A declaration of trust gives you the protection and certainty you need when a property is being sold, and is often particuarly useful when a relationship ends. They are also often used when a parent provides part of the capital for an adult child to purchase a property.
Like many legal documents, declarations of trust can be complicated, depending on your individual circumstances. There many different variables and other factors that might have to be covered by the document. Our experienced team know how declarations of trust work inside out and will guide you through every step. We cover every aspect of the process, so you can be confident the final document works for everybody involved and reflects a fair division of the property. Our in-house independent financial advisers are also on-hand to give you joined-up advice on the financials.
Declaration of trust considerations:
- who is responsible for any mortgage payments?
- will it take into account contributions made towards maintenance, bills and so on?
- will you want the option to buy each other’s shares?
Call our Wills and Probate solicitors on 0800 0131165
Call us for an initial chat, at no obligation, or fill out our enquiry form and a solicitor will get in touch.
Declaration of trust FAQs
What is a declaration of trust?
A declaration of trust is a document that sets out who owns what percentage of a property, so when it's sold everybody knows what they’re entitled to. They’re useful documents if you're an unmarried couple, you've made unequal contributions to buying a house, or loaned somebody else the money to buy or improve a house.
