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Trust Deeds & Co-Ownership


co-ownership of home trust deed

A Trust Deed is a legally binding document setting out individual contributions to the purchase price.


It also clarifies what happens on sale if the Buyers should acrimoniously split up.


If one party is investing significantly more money in the property it is advisable to have a Trust Deed prepared.


It provides certainty as to the parties intentions and can be relied upon in any future legal proceedings.


The Deed will make clear who gets what on eventual sale.


A Trust Deed, or Declaration of Trust, is additional to your conveyancing matter and will require a further legal fee.


See also my Co-Ownership section regarding Joint Ownership or Tenants in Common in set shares.


You should also consider having a Will drafted when you own property. If you pass away without a Will your estate and assets are subject to intestacy law.

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