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Top 10 of 1,319 law firms for Co-Ownership Trusts, Land Law
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Co-Ownership Trusts cover situations where two or more people own a property through a trust structure, with the trust terms controlling who benefits and how the property is managed, sold or exited. The solicitor helps set up the trust deed, appoint trustees, draft settlement provisions, and align the arrangement with UK tax rules and mortgage requirements. They also advise on how occupancy, rights of sale, and future transfers are administered, and how to resolve disputes among co-owners.
What a solicitor handles in these matters
The solicitor drafts the trust deed, letters of wishes and any declaration of trust, explaining ownership shares, exit triggers, and trustees’ powers. They handle registration with HM Land Registry, ensure the mortgage and lender-protection terms fit the trust, and advise on tax implications, including Stamp Duty Land Tax and capital gains considerations on disposal. They coordinate with lenders, mediators, and any co-owners to avoid disputes and ensure clear governance.
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