Private Client

Member Talk: Trust Registration Services (TRS)

2025-09-02T13:10:00

Trusts graphic (PIP June 2024)

With more property transactions involving trusts, it’s vital for practitioners to understand the obligations under the 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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