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Yes, we have a son who is 6. Just to confirm we have no plans to split up. This is just something she would like putting in place as she has been left high and dry before and doesn't trust anyone, she would like her mind putting at rest by having a legal document to say the equity split should the house be sold will be 80/20 in her favour not the current 50/50
Thank you for that response Tom. I think I understand it. Does the declaration of trust stand up if the house isn't sold but was just remortgaged to release equity? So of the equity released through a remortgage I'm entitled to 20% and my wife 80%? Also if one of us dies does the declaration of trust make it more complicated with who then owns the house or is this averted if its stated in the will or in the declaration of trust? Thanks Dave
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