Co-ownership Trust Deeds and Gifts of Property

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Course Overview

Co-ownership, Trust Deeds and Gifts of Property are the subject of increasing importance for conveyancers. For those whom properties will be purchased jointly, at some stage a significant proportion of these people will encounter an irretrievable relationship breakdown.

How the conveyancer advises on the initial declaration of trust is crucial. During this webinar Stephen Desmond will discuss how to recognise when a client should be referred to an other practitioner for specific advice regarding relationship breakdown while ensuring the matter is handled as sensitively as possible.

This presentation examines the maze of pitfalls that need to be addressed when acting for more than one purchaser, receiving money from a third party or dealing with a transfer for nil consideration.

What are the requirements?

Learning Outcomes

  • On completion of this course you will:

    • Feel confident when advising clients on trust deed in the light of Jones v Kernott
    • Be aware of the risks that can arise after the client’s purchase has completed
    • Have considered the issues surrounding co-ownership when there is no trust deed or trust declaration is missing
    • Know how to persuade the client to make declaration of trust and issues that could be addressed therein
    • Have considered third party contributions, including from the bank of Mum and Dad
    • Understand the scope of your retainer to limit professional risk
    • Be able to explain to the client the benefits and risks of a right of pre-emption
    • Be familiar with risks of acting on a transaction at undervalue other than insolvency  

What is the target audience?

  • Conveyancing practitioners

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About Instructor - Stephen Desmond

Stephen Desmond has been delivering training for over 15 years during which time he has delivered more than 1,800 CPD events to lawyers from a variety of backgrounds. Delegates at these events have included practitioners from a variety of size of firms, ranging from sole practitioners to City Solicitors. 

Stephen is a contributing editor to Butterworths Property Law Service, published by Lexis Nexis, writing on the complex law relating to long and short leases.  He writes for the Solicitors Group on the subject of commercial property. 
He has run a university-accredited distance-learning course for aspiring paralegals in the subject of residential conveyancing.

A former practicing Solicitor with several years post-qualification experience, Stephen has represented many business and private clients, including property investors and local authorities.

Course Curriculum

recorded webinars

  • Webinar
    01:03:09

Documentation

  • Slides
    12 Page
  • Evaluation
    1 Page

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