Another Will question

alm721

Hi I wonder if anyone can help. There is an awkard situation in my family, whereby several siblings dont speak. The parents are getting on a bit and have recently been discussing theor will. They have a large house and a number of rental properties. Their plan is to leave their house jointly in trust I believe to the siblings in order to force them to get on!. (don't ask). I believe this is partly as they believe one sibling not to be responsible so the others will be invloved in managing the others share.

In my mind this has 'carnage' written all over it. There's absolutly no way this will resp;lve matters, only make things more difficult. Should the worse happen and this happen, what happens then? If it's left in trust can the siblings agree to disolve the trust and sell the property? Can one sibling ask to be removed from the trust? etc.

Just wondered if anyone had any helpful advice.

Thansk

Jinx

I am no legal whizz but I will say where trusts/agreements which are unwieldy are involved the only winners are solicitors - arguments/disputes cause costs to rise exponentially....

There is a trust re properties in our family and I think (im not party to it) that the trust is basically to prevent one family member bullying the others and everyone getting their share and it is explicit in what happens to that persons share when they die and I think they can wind up the partnership if everyone is in agreement and all assets sold. I do know they had not only specialist advice but this is a family members area of expertise so it is hoped to avoid any conflict - yeah right, we shall see!:o

My mum had my brother and I sign something recently relating to if she became incapacitated. She wanted us to both be equal, however while me and bruv are close, we dont (obviously) necessarily have the same viewpoint on any given situation. After discussing this she gave me 'lead' decision making as I am on site and see her more often while bruv is abroad.