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Does marriage revoke declaration of trust?

2 replies

JKramer · 08/08/2013 10:22

I have a declaration of trust in place when I bought a property.
It outlines our equity in the property, who contributed what and the mechanism if we decide to sell/split up.
If we decide to marry each other or in the event of marriage breakup, would that revoke the declaration of trust?
Or can you specify that marriage will not revoke the declaration?

OP posts:
Collaborate · 08/08/2013 15:31

It won't revoke the declaration, but on any divorce the proceeds of sale of the property won't necessarily be divided in accordance with the trust. It would have effect on the insolvency if either of you, or for tax purposes.

babybarrister · 09/08/2013 08:43

This reply has been deleted

Message withdrawn at poster's request.

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