Member Talk: Trust Registration Service (TRS)

While many clients may be unaware of TRS obligations, failure to comply can lead to delays, penalties, or even issues post-completion. Legal professionals must be alert to the nuances around registrable trusts—particularly when dealing with property ownership and sales.

Our speakers discuss:

• what the Trust Registration Service (TRS) is and why it was introduced
• when a trust is registrable and which types are typically caught by the regulations
• property-specific trusts, including legal vs beneficial ownership and implications for joint owners
• what happens if a registrable trust property is sold without registration
• practical steps and key checks when dealing with property held in trust, including varied and dual registrations

Speakers:

• Philip Askew, Lead Partner – Private Client Property, Stone King LLP
• Fiona Heald, Senior Lawyer – Court of Protection, Giles Wilson Solicitors

This video was recorded on the following date:

• 24 July 2025

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