The matter pertains to the deed of trust for the property say “Ascot” owned by the deceased father, HSR. Key points:
Ownership and Use:
- The property, purchased in 2002 after the passing of the client’s mother, was always intended for the son, PS.
- The son lived in the property until 2012 with his family and he covered all associated maintenance costs and bills. He paid the mortgage payments as well.
- after 2012, it was rented out. Rental income was declared on the son’s tax returns
Qs: Can someone help me draft - on commercial basis - a historical trust deed under S53(1)(b) Law Of Property Act 1925 so that PS ( the son) is the actual beneficial owner of this property?