Clarify my position with a house in trust.

Ryaaan

Hello there. I am hoping someone could help me.

My grandmother died a few years back and she left me her house in her will, but since I was a minor it was left in trust for me.
I am 21 soon and apparently that is when the house will be transferred to me. The house is in trust with my father and two others who are not family.
I have a few questions which I need answered.

What happens to the trust when I am 21?
Will the house still be tied to the trust in some way?
Would I be able to add my wife to the land registry/deeds for the house? (I have full trust in my wife, so I don't want an opinion on if I should or not)
Will I be able to re-mortgage the house to raise some capital? Or will the trust stop me in any way?

If the house is fully mine at 21 then I realise the questions other than the first one wont apply, but I want to know the facts since I feel kept in the dark a little about the details.

Thanks.

PS. I am in the uk, and I am the only grandchild and my father is the only son of my grandmother. If that helps.

getmore4less

No one can tell you

You need to ask to see the will and the trust documents(if any) vto find out the terms of the trust

These will tell you what you need to know.

WHat has happened to the house since your grandmother died there may be other implications than just the ownership.


(If they won't show you the will you can get a copy from the probate service it is a public document)