A Declaration of Trust for Assets is a legal document that outlines the ownership and distribution of assets between individuals. This type of agreement is commonly used in estate planning, particularly when it comes to asset ownership. A Declaration of Trust for Asset clarifies who owns the asset and in what proportion, as well as setting out what should happen to the asset in certain circumstances, such as the death of one of the owners.

The Declaration of Trust is typically used in situations where individuals purchase an asset together, but want to ensure that their individual contributions are recognised and protected. For example, if one individual contributes a larger sum of money towards the purchase of the asset, the Declaration of Trust can ensure that their share of the asset reflects their contribution.

In addition to ownership, a Declaration of Trust for Asset can also be used to govern the distribution of the assets, such as bank accounts, investments, and life insurance policies. This type of agreement can be useful in a variety of different estate planning scenarios, including when multiple individuals have a financial interest in an asset and want to ensure that their rights and interests are protected.

Our service can assist in drafting a Declaration of Trust to meet the specific needs of our clients. Our experienced estate planners will work with you to understand your situation and develop an agreement that accurately reflects your wishes and protects your assets. Whether you are looking to protect your contributions to an asset or ensure that your assets are distributed in a certain way, our team is here to help.