Deed of Assent

[samfarrell]

Does anyone know how the deed of assent is normally handled when dealing with executing an life which has a life tenant ?
For example if a person left their property to some person A for life and to B as outright inheriting on A's death...... whos name is put on the deeds ??

 

[mf1]

Everything you ever wanted to know........

http://www.prai.ie/trusts-of-land/

1. Trusts in Land
1.1 Under section 11 of the 2009 Act the only legal estates capable of being created or disposed are a freehold estate and a leasehold estate.

All other estates or interests take effect as equitable interests only. Thus where a life estate is created in freehold land a trust will come into operation under Part 4 of the 2009 Act and the freehold estate will be held by the trustees. Any fee simple in remainder or reversion will be held under a trust and will be equitable interests only.


mf

 

[samfarrell]

Thank you

My reading of that is the trustee retains ownership, but would not be on the land registry deeds ?