Agreement And Declaration Of Trust With Land Registry
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How to fill out Agreement And Declaration Of Trust With Land Registry?
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FAQ
Decide the following:Prepare a Trust Deed on stamp paper of the requisite value.Requirement for registration of Trust Deed with the Local Registrar under the Indian Trusts Act, 1882:Go to the local Registrar and submit the Trust Deed, along with one photocopy, for registration.More items...
Because a deed of trust is not legally required to be registered anywhere (although it is possible to register it at the Land Registry), the underlying financing of the purchase can be kept private.
A declaration of trust is a legally binding document, so getting the wording right is very important, and it can be costly to change. It is expected a lawyer will charge fees of between £200 and A£1200.
Whilst you do not need a solicitor to prepare a Declaration of Trust, it is always advisable to seek professional advice. For many people, your home is your biggest asset and having a Declaration of Trust in place is the best way to protect your investment.
The fee for a Declaration of Trust will be from £600 plus VAT and will depend on the complexity of the document, the number of clauses it incorporates and any additional consultations required during the drafting process. Following an initial meeting the fixed fee will be confirmed.