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Purchasing A Property Under A Trust

kdd conveyancing blog feature image purchasing a property under a trust

Purchasing A Property Under A Trust

You may have heard about the advantages of buying property under a trust, and be curious about what it is and if it’s right for you. Here’s a quick brief to understand the gist of it.

What is a trust?

A trust is a fiduciary relationship between legal entities, where a trustor gives a trustee the legal right to hold title to property or assets for the benefit of a third party. The rules of the trust are set out in a Trust Deed.

A typical trust is created by an impartial professional like a lawyer or accountant (the Trustor/Settlor) to give the Trustee (for example, parental investment) legal rights to hold titles to property or assets and manage them, for the benefit of one or more Beneficiaries.

Why create a trust?

A trust is created for one or more of these reasons:

What types of trusts are there?

What you need to know when buying a property under a trust?

Register a Declaration of Trust

Ensure accuracy

Keep records safe

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