The Law of Trusts is a daunting concept for most people. There is a lot of technical language, and it is not always clear exactly what trusts are meant to do.
However, trusts appear in all sorts of day-to-day legal situations and can be an extremely useful ways of obtaining practical results. Most Wills contain Trust Clauses, to enable the Will maker’s wishes to be put into action after they have died. Property or money for young people is normally placed in a Trust for them.
People who jointly own their house are, in fact, Trustees and Beneficiaries of a straight forward Trust arrangement. Where two people contribute towards the purchase of a house where they can live together, a separate Trust Deed is a very useful way of safeguarding the fair share of each of the parties to the arrangement.
If you wish for a Trust document to be drawn up email info@cavershamsolicitors.co.uk for a free quotation or to ask a question: or write to telephone if you would prefer.
Key contacts
Latest Insights
What is the Difference Between Dissolution & Divorce?
The ending of a relationship, whether that be through divorce or dissolution, can be extremely tricky for all parties...
Business - Commercial Commercial Conveyancing
What Are the Different Types of Commercial Leases?
Not only is searching for a new space for your business a big decision, but taking out a lease...
What is Landlord Licensing?
Landlord licensing was bought to action in 2006 in England and Wales, under the Housing Act 2004. The prospect...