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Ineritance trust fund

spool
Posts: 1 Newbie
I have recently inherited some money after the death of my gradfather - normally it would have gone to my mother but as she passed away 8 years ago myself and my 16 year old sister get het share split between us - now the problem I have is that my mothers family are saying I can not have the money until I am 30 years old the same with my sister - I am 21 and leally an adult in the UK - can the force this is me? Also they will have to set up something for my little sister but sureley that has to be agreed with he legal gaurdian - her father? any help please would be greatly appreciated
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Comments
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What does the will say? That will determine what happens.0
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When you talk about "my mother's family", surely you and your sister are your mother's family. What relations are those you are referring to? How are they proposing to prevent you inheriting?
When you say "I have recently inherited", what do you mean? Do you mean you are hoping to inherit but are being blocked by these other relatives? Or has someone 'officially' told you that the inheritance is yours?
Did you grandfather have a will and are there named executors? There are so many possible situations it's difficult to see what your exact question is.0 -
You need to establish what was in the will.
If there was none then the rules of intesty apply and if you are entiled then at 21 its yours. For your sis it needs to go into trust till 18.
If they(whoever they are) won't tell you whats going on you can get any will from the probate office onece probate has been granted.
Start with the executors and ask to see the will.0 -
http://www.thisismoney.co.uk/money/experts/article-1694172/How-can-I-get-a-copy-of-a-will.html - assuming probate has been granted.
The executors will be responsible for distributing the assets of the deceased in accordance with the terms of the will. It may be that the will established a trust which specified that beneficiaries were not entitled to inherit before the age of 30.
As far as I understand it, the executors /trustees would not have to consult your father about your sister's inheritance although they might choose to do so, out of practicality and courtesy if nothing else.
As other posters have said, everything depends on the terms of your late grandfather's will.0
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