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A Declaration of Trust is a crucial legal document that sets out the ownership interests of individuals in a property. At Wollens Solicitors, we provide expert legal advice to help you draft a Declaration of Trust that protects your financial contributions and ensures clarity in property ownership.
Why Do You Need a Declaration of Trust?
When two or more people purchase a property together, they may contribute different amounts toward the deposit, mortgage, or maintenance costs. A Declaration of Trust formally records each person’s share, ensuring transparency and preventing potential disputes in the future.
How Can Wollens Help?
At Wollens, our experienced solicitors provide tailored advice to suit your individual circumstances. Whether you are:
- Unmarried couples buying a home together.
- Family members contributing to a property purchase.
- Friends or business partners investing in property jointly.
We can draft a legally binding Declaration of Trust that clearly outlines ownership proportions, responsibilities, and what happens in different scenarios, such as a sale or change in ownership.
Protecting Your Investment
A well-drafted Declaration of Trust safeguards your financial interests and ensures a fair distribution of proceeds if the property is sold. Our team will guide you through the legal process, making it simple and stress-free. For expert advice on Declaration of Trusts, contact Wollens Solicitors today and let us help you secure your property rights with confidence.
Testimonials
Sending you some much deserved appreciation for your service in dealing with the estate of Mr Pratt on our behalf.
Knowing that Lydia was behind through this whole experience gave me the courage and confidence needed to get through the process. Her knowledge and understanding of family law got me the best possible outcome.
My will was all done remotely by phone, notes, letters due to the distance involved – about 145 miles, general health and Covid restrictions.
More recently I had a serious illness with loss of driving license and other lasting problems but I have been very lucky with the outcome. What seemed difficult was much easier with the help I was given. Excellent service. Solicitor Alex Jenkins and secretary Enya Garrett have been friendly, considerate, shown knowledge in an understanding way throughout preparing my will – and I have never met them.
Wollens is highly recommended.
Mine was a very lengthy and complicated case involving deputy ship for my Father’s financial affairs, and Probate following my Father’s death. Costs were high, as they always are with solicitors, but the service by Alex Jenkins and Edward Lee of Wollens, who dealt with my Father’s affairs, was very personal and much needed at a very traumatic time.
Craig and Shirley at Wollen’s have supported us throughout a particularly tricky matter, where usual routes of communication were not possible. The advice that we were given was always very clear and concise and we found Wollen’s very responsive to any queries or concerns. They were conscious of the weighty emotional element involved but very mindful of removing the emotion from decision making processes, which made it easier to see the bigger picture. I would certainly recommend to friends or colleagues requiring legal support.
I had a shareholder dispute with a partner. Simon has provided very valuable advice, while having a broad professional outlook on my case. He understood the core of the case swiftly and sharply. Besides being an in-depth professional, Simon Bean has enriched the value of advice by his empathic approach and pointing out key to-do’s for future endeavours. His letter of advice tackled the matter with depth, providing an exhaustive approach. An another point for which I am grateful, was his advice asto a person that is still on the steep curve of getting familiarised with many aspects of advising. I would definitely recommend him for his legal knowledge, for his communication throughout, and equally important, for his empathy and sharp overlook on situations.
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