Declaration of Trust Solicitors
At Black Norman Solicitors, we help individuals, couples and families put clear legal agreements in place when owning or purchasing a property together.
Whether you’re a first-time buyer or not, our experienced solicitors will guide you through the process every step of the way. Our team is here to make sure your Declaration of Trust is tailored to your circumstances.
What is a Declaration of Trust?
A Declaration of Trust is a legal document that records how ownership in a property is shared between two or more people. It can help protect financial contributions, reduce the risk of disputes, and provide clarity for everyone involved.
Declarations of Trust are commonly used where owners contribute different amounts towards a deposit, mortgage or ongoing property costs. The agreement helps provide certainty and can help avoid misunderstandings or disputes further down the line.
When might you need a Declaration of Trust?
There are several situations where a Declaration of Trust may be needed:
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Buying property with a partner
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Purchasing property with family or friends
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Contributing unequal amounts towards a deposit
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Protecting financial contributions in case of separation
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Clarifying ownership shares in jointly owned property
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Estate planning arrangements
A Declaration of Trust can be particularly important where ownership arrangements are more complex or where parties want additional legal protection.
Declaration of Trust for Property
When multiple people purchase or own a property together, it’s important to clearly record each person’s financial interest. Without a Declaration of Trust, disputes can sometimes arise over:
Our solicitors can draft a Declaration of Trust that reflects your agreement clearly and accurately, helping to protect all parties involved and put your mind at ease.
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01
Ownership percentages
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02
Deposit contributions
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03
Responsibility for mortgage payments
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04
How the sale proceeds should be divided
Speak to our Declaration of Trust Solicitors
If you’re purchasing property jointly or want to protect your financial contribution, our team is here to help.
With over 40 years of experience, Black Norman Solicitors provide practical, straightforward legal advice tailored to your situation. We focus on making the process clear and stress-free while making sure your interests are properly protected.
Get in touch with our friendly team today to discuss your Declaration of Trust.
FAQs
Declaration of Trust FAQs
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How much does a Declaration of Trust cost?
The cost of a Declaration of Trust will depend on the complexity of the agreement and the circumstances involved. This can include:
- The number of parties involved
- Whether additional legal advice is required
- The complexity of the ownership arrangement
We will always provide clear and transparent pricing before work begins. Take a look at our fees for more information.
Can a Declaration of Trust be challenged?
In some circumstances, a Declaration of Trust can be challenged. This may happen if someone believes:
- The agreement was signed under pressure
- Fraud or misrepresentation was involved
- The document does not reflect the true agreement between the parties
However, when properly drafted and executed, a Declaration of Trust is generally considered legally binding and enforceable. Seeking advice from an experienced solicitor helps ensure the agreement is clear, fair and legally valid.
What is a Declaration of Trust form?
A Declaration of Trust form is the legal document used to formally record ownership arrangements and financial interests in a property. The document must be drafted correctly to accurately reflect the agreement between all parties involved.