Deed of Trust
A Deed of Trust is a document that we can create for you. There are many reasons why people make a deed of trust and there are many different scenarios. We regret we are unable to publish our prices for a Deed of Trust as there are so many different variations they can only be priced on application.
Why make a Deed of Trust
Co-habiting couples could make a Deed of Trust when they first move in together. If one party was investing more money than the other into the property, a deed of trust could be created detailing what would happen in the event that they decided to part. The deed of trust would generally gift the same investment back to the party that invested the most money and then the deed of trust could state that any profits would be shared equally or proportionately.
Another example of why you could create a Deed of Trust is if you had invested a large amount of money into a relatives house. The deed of trust could be created stating what is to happen in the event that the property is sold. Thus the deed of trust would return your initial investment.
A final example, of the many possibities, is if you owned your property solely and you wanted to gift your husband or wife half of the property in the event that you need long term residential care. Although in this particular example you should perhaps consider tenants in common and further advice may be necessary.