How To Transfer Beneficial Interest In Property.

[Barquentine]

If A and B own the legal and beneficial interest in a property - how would A transfer ONLY the BENEFICIAL and not the LEGAL interest to his three children - with A retaining both her legal and her original 50% beneficial interest?
Do you use a TR1 with A+B transferring to A+B and C,D,E - then do a Declaration of Trust to record the equitable shares?
many thanks.

[Barquentine]

...sorry I meant with B RETAINING LEGAL AND BENEFICIAL INTEREST.

[Valmave]

LR only records the legal title, which seems as if will not change. You may want to think about a form A restriction to indicate the existence of a beneficial trust ? Sounds like a solicitor job.

[FredPuli43]

Not following how you can have half of a beneficial interest, as distinct from a shared, joint one, in one property. What exactly are you trying to achieve?

[tonywiltshire]

As Fred has said it would help greatly if you advised what you wish to achieve.