Miss A buys her first home with the benefit of a mortgage. Their parents place some (or even all those for whom there is no mortgage) of the purchase price on the basis that they share any « profit » on the land. The owner registered on the property`s deeds will be Miss A, but her parents can register their economic interest on a trust document. Fill out a declaration of confidence – the economic interest protects the interests of the parents without the parents themselves having to be mentioned on the mortgage second. It indicates the percentage of the beneficiaries` contribution and the percentage of the proceeds of the sale due to them. PandaTip: A trust is a formal agreement in which ownership is transferred from a settlor to an agent who has full control of those assets, but must hold it for the benefit of the beneficiaries. . . .
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