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For a couple embarking on a serious relationship, discussion of the terms to apply at parting is almost a contradiction of the shared hopes that have brought them together. There will inevitably be numerous couples, married or unmarried, who have no discussion about ownership and who, perhaps advisedly, make no agreement about it.
Depending on whether one or both parties secure the loan, unmarried couples can structure ownership rights through sole ownership, joint tenancy or tenancy in common — all of which can spell ...
Dear Penny, I’ve recently purchased a house; it’s only in my name and really my only asset. I have three grown children; two who live with me and pay rent and one who’s married and owns her ...
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The Court of Appeal overturned the High Court and ordered that the net proceeds be divided 65 per cent to Ms Dowden and 35 per cent to Mr Stack. [2] The declaration as to the receipt for capital money in the transfer document could not be taken as an express declaration of trust, nor could it infer an intention that the beneficial ownership be equal, because there was no evidence that either ...
Jones v Kernott [2011] UKSC 53 is a decision by the UK Supreme Court concerning the beneficial entitlement to a co-owned family home under a constructive trust.The court ruled there was a 90:10 split of ownership in favour of the main child-caring partner who contributed 80% of the equity to the home in which she lived.
The most recent research on the subject suggests that more unmarried couples may be opting for the latter. Don’t miss Commercial real estate has outperformed the S&P 500 over 25 years.
Co-ownership: Ownership of property by more than one person is facilitated by a trust. In particular, ownership of a matrimonial home is commonly effected by a trust with both partners as beneficiaries and one or both owning the legal title as trustee.
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