We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Deputy and Trustee
m139195
Posts: 45 Forumite
Hi,
quick question: Can an existing Deputy also be appointed as a Trustee for a parent? Both Deputy and Trustee are children of the parent and will benefit financially eventually when the individuals house is sold.
Thank you.
quick question: Can an existing Deputy also be appointed as a Trustee for a parent? Both Deputy and Trustee are children of the parent and will benefit financially eventually when the individuals house is sold.
Thank you.
0
Comments
-
Really? No one can answer this after 93 views?0
-
1) this is a property forum, whereas your question seems to be unrelated to property lawReally? No one can answer this after 93 views?
2) the terms 'Deputy' and 'Trustee' are unusual (to me, and perhaps others). What country are you in?
I would recognise the term 'Attorney' (as in POA).0 -
The answer is possibly.
You will need two trustees to sell and you cannot be both in the sale. Therefore, if you are signing on behalf of one parent as Deputy you cannot also be the second the trustee - well you could, but no solicitor other than Enact would agree to buy the house from you.
An alternative would be to apply to the Court under S36(6) Trustee Act to have the incapable trustee replaced by someone else. This will cost £1,500 - £3,000 in legal fees.
Ta.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards