Property in Will.

madbadrob

stuart2088 wrote: »

I fully understand what you say. The capital sum as i see it which is around £80000 for my interest will remain at that figure till my death.
I will receive the nominal income from that £80000 but as you say if i live another 30 years that £80000 will not be worth a great deal by then as it will not have grown.

A difficult one all round and i still suspect my father was poorly advised or had other ideas about what the end result would be.

In the last few days of his life he said to me well stuart you will not have to worry about having somewhere to live.

I did not question him about that but i feel he believed he had set up arrangements for me to reside in the family house as long as necessary.

Unfortunately i will never know what he meant by that comment.

It depends how the trust is written up. They could invest the money into something other than a bank which could allow for a healthy return. For example that 80k could be used to buy a property which can then be rented. Depending on location etc that could realise you £400 a month. That would get you two or three holidays a year.

Rob