Do I Need a
Use trust deeds to document unequal contributions and will trusts to preserve capital.
You own your property jointly with your partner but contributed more to the deposit and/or pay a larger share of the mortgage.
A Declaration of Trust sets out how you and your partner have agreed that any proceeds of sale should be shared between you.
On the death of your spouse or partner you wish to ensure that your share of your property passes under your will, not theirs, for example, to your children from a previous relationship.
A Will Trust can provide that your share of the property is held on trust for your spouse or partner for their life but, on their death, will pass in accordance with the wishes set out in your Will.
You wish to protect your share of the capital value of your property from being used to fund your spouse or partner's care costs.
A Will Trust would entitle your spouse or partner only to the interest on your share of the capital value of the property thus limiting the amount available to contribute to care costs and protecting the capital value.