Trustees, Transactions & Registration - A Guide for Conveyancers

Introduction

When acting for a couple, partnership or executors, you may find there is a trust.

At other times there may be a more formalised trustee situation but in every case, it is essential to be aware of the particular rules that apply to avoid costly and time consuming rejections of your Land Registry applications.

What You Will Learn

This webinar will cover the following:

• Trustees purchasing an additional dwelling and how the SDLT surcharge will apply
• Registration of title by trustees
• A look at HM Land Registry Guide 24
• Typical Land Registry requisition
• Restrictions - standard forms, methods of application
• Cancellation and withdrawal of restrictions - who can apply?
• Transactions by executors, administrators and other trustees and their registration
• Unincorporated associations and partnership property
• Applications by beneficiaries to protect their interests
• What happens when there is a change of trustees, death, or bankruptcy and mental capacity?
• Bare trusts and constructive trusts, trust corporations, pension funds
• Joint ownership of property - joint tenancy and tenancy in common - implied and express trusts, severance, transferring a share in a property
• When is a trust deed necessary or advisable?
• Sections 14 and 15 of the Trusts of Land and the Appointment of Trustees Act 1996
• Brown v New Quadrant Trust Corp Ltd - Courts giving a ‘blessing’ to trustee proposals

This webinar was recorded on 19th October 2022