The phrase "a declaration of trust" is correct and usable in written English.
It can be used in legal or financial contexts to refer to a formal statement that establishes a trust arrangement.
Example: "The lawyer prepared a declaration of trust to outline the terms and conditions of the trust agreement."
Alternatives: "trust declaration" or "statement of trust".
"As Hanna was putting down a greater share of the deposit – as she had an inheritance – we decided to buy the property as 'tenants in common with unequal shares'," says Hartley. "We got this documented in a declaration of trust.
Co-habitation agreements can help where couples are unmarried, while a Declaration of Trust will similarly allow each spouse to legally set out how much equity they have put into a property or other shared asset.
If you own your home as "tenants-in-common" you can leave a precise share to whoever you choose – you state the exact nature of your share in a declaration of trust.
It had been stated by one of the counsel who were concerned in that case, that the Lord Chancellor was of opinion, that the power of attorney, which was executed by the trustees to the solicitor of the second purchaser, was equivalent to a declaration of trust in his favour.
The board accepted Bogle's view and a Declaration of Trust for the Vanguard First Index Investment Trust was filed with the U.S. Securities and Exchange Commission on December 31 , 1975
We are concerned with a declaration of trust".
A: Declaration of Tina Rivera, March 17,2008.
Kirstie Law, a partner at Thomson Snell and Passmore, warned cohabitants to "regularly review the shares in which they own the property and update any declaration of trust if appropriate".
The act of letting go could feel like defeat, resignation or even passivity, but it could also be construed as a powerful declaration of trust -- trust that there's an order to things (however hidden that order may seem), trust that the universe knows what it's doing, trust that the universe has our backs.
If you are not putting in the same amount towards the deposit, mortgage and other expenses, it's important to get everything documented in a formal declaration of trust.
"There are issues of trust and the possibility of disputes down the line so the key is to discuss, list and draw up a legal declaration of trust covering every single possible eventuality, including how any future profits are divided," Mr Curran says.
