Services
DECLARATION OF TRUST
In simple terms, a Declaration of Trust is a legal document, sometimes referred to as a Deed of Trust, which is created to protect multiple people who have chosen to buy a property together. It essentially safeguards each person’s interests in the property, making sure everyone receives the correct amount of money they are entitled to if the property gets sold.
A Declaration of Trust will often record:
There are many different reasons people choose to sign a Declaration of Trust, but these are the most common:
'Recently my elderly mother in law needed a will written. After some research online I contacted Helen Algar at Suffolk Will Services. Helen is really nice, made mum feel at ease straightaway, and the whole service was totally professional. We’re happy to pass on our positive experience with Helen, and recommend Suffolk Will Services without hesitation. Hoping this will help anyone who might be needing a Will written and is putting it off (as we all do!)”
“I am so grateful for being recommended Suffolk Will Services by a friend. Helen was so wonderful and understanding of my situation, she met a very quick deadline to make a Will for me before my operation. The whole concept was daunting to me but Helen made it clear, simple and was always keeping me updated which was great. I will definitely be recommending Suffolk Will services to family and friend. Helen, thank you for helping me and bringing peace of mind”
Mrs C
“I am so grateful for being recommended Suffolk Will Services by a friend. Helen was so wonderful and understanding of my situation, she met a very quick deadline to make a Will for me before my operation. The whole concept was daunting to me but Helen made it clear, simple and was always keeping me updated which was great. I will definitely be recommending Suffolk Will services to family and friend. Helen, thank you for helping me and bringing peace of mind”
Mrs C
Varified review on google
'Recently my elderly mother in law needed a will written. After some research online I contacted Helen Algar at Suffolk Will Services. Helen is really nice, made mum feel at ease straightaway, and the whole service was totally professional. We’re happy to pass on our positive experience with Helen, and recommend Suffolk Will Services without hesitation. Hoping this will help anyone who might be needing a Will written and is putting it off (as we all do!)”
Mr M
Varified review on google
“Helen visited to go through Wills and Lasting Powers of Attorney with my parents. She was professional, caring and patient with them. Such an important thing to do and Helen is the perfect person to help.”
Mrs M
Varified review on google
Varified review on google
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Our clear process ensures it’s easy for you to set up and fully understand your Declaration of Trust:
Suffolk Will Services is based in Ipswich, Suffolk and has clients throughout Suffolk; North Essex and South Norfolk. Helen can visit you in:
The best time is before you complete on your purchase. It should be drawn up ahead of the completion date and signed by all parties and finally dated on completion. You can do a Declaration of Trust after you’ve completed, but the parties do not have to be bound to sign it once the purchase has been completed. So, it’s wise to draw it up and get it signed by everyone in advance. You can always make further Declarations of Trust if situations change afterwards.
If there isn’t a Declaration of Trust, it can become awkward knowing how much people are entitled to when the property is sold.
You probably have lots more questions about how a Declaration of Trust works, please call so we can have a chat about your situation and what will be best for your circumstances.
Property Protection Trust [Link to factsheet]
Vulnerable Person Trust [Link to factsheet]
Discretionary Trust [Link to factsheet]
Flexible Life Interest Trust [Link to factsheet]
Tel: 01473 808499
Email: info@suffolkwillservices.co.uk
Monday to Thursday: 9am - 5pm
Friday: 9am – 2pm
Early evening and weekend appointments available by prior arrangement
3b Lower Farm Park
Norwich Road
Barham
Ipswich
IP6 0NU
WILLS | LASTING POWER OF ATTORNEYS | PROBATE ADVICE
Lasting Powers of Attorney explained - an insight into the benefits of putting in place a Lasting Power of Attorney