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UKSolicitorJA
UKSolicitorJA, Solicitor
Category: Law
Satisfied Customers: 4312
Experience:  English solicitor with over 12 years experience
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If you have any interest in a property by way of a deed of

Customer Question

If you have any interest in a property by way of a deed of trust does it count as an asset and does it have to be legally declared as such? Could you legally say that you have no property? Could you legally say that you have no money
Submitted: 2 years ago.
Category: Law
Expert:  UKSolicitorJA replied 2 years ago.
Hello,

The Trust grants you a beneficial interest in the Trust property so you the answer to your question is you would need to declare your beneficial interests in whatever property or money is beneficially owned by you under the Trust Deed.

Hope this helps