Hi,
I need some advice. There is a Declaration of Trust between my parents dated in 1984 when a property was purchased with funds provided by my mother (the buyer), and my father acting as Trustee for my mother. Tjhis property was registered in my fathers name with Land Registry. Anyhow, due to old age, my father wishes to retire as a trustee, and my mother has decided for 2 of my siblings to act as Trustee for this property on her behalf.
The title of the property has just been transferred to my siblings with the Land Registry. We are unsure what documents are required to effetc this change
My question is, what documents are required to effect this change of trustee. Would it be a new declaration of trust? Or would it be a deed of retirement of trustee and appointment of new trustee?
Can someone please advice us on the correct documentation required, and where to obtain these documents. We are trying to save on unnecessary legal fees.
Thanks
I need some advice. There is a Declaration of Trust between my parents dated in 1984 when a property was purchased with funds provided by my mother (the buyer), and my father acting as Trustee for my mother. Tjhis property was registered in my fathers name with Land Registry. Anyhow, due to old age, my father wishes to retire as a trustee, and my mother has decided for 2 of my siblings to act as Trustee for this property on her behalf.
The title of the property has just been transferred to my siblings with the Land Registry. We are unsure what documents are required to effetc this change
My question is, what documents are required to effect this change of trustee. Would it be a new declaration of trust? Or would it be a deed of retirement of trustee and appointment of new trustee?
Can someone please advice us on the correct documentation required, and where to obtain these documents. We are trying to save on unnecessary legal fees.
Thanks
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