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A declaration of trust allows you to set out how a property is owned in situations where you cannot or you do not want to register who really owns it at the Land Registry. The document creates a trust, appointing trustees to hold property for the benefit of the beneficiaries, e.g. third parties who helped you buy the property or your children. A Trustee is simply a person who is responsible for looking after the money or property that is held by the trust. Under the Trustee Act 2000, trustees are expected to act in a manner appropriate to the responsibility that comes with the position, and to protect the interests of the beneficiaries.
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