Declaration of Trust | Ronaldsons Solicitors Norwich

Keeping the confusion out of co-ownership.

What is a Declaration of Trust?

When buying a property with someone else where you’re putting in different amounts, its really important to consider having a Declaration of Trust to keep the ownership clear. A Declaration of Trust is a legally binding document that defines how much of a jointly-owned property each buyer owns. Traditionally, each buyer will own an equal share, but this is not always the case.