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.
📨 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
Question about Trustee and LPA--So many issues!
RedDaemon
Posts: 18 Forumite
Complaints were brought forward to the two trustees of my late mother's estate. The funds were left languishing in their account for 2 years. They didn't invest the funds nor seek independent financial advice as they were supposed to do. Instead they put the money into a regular account and were only to tap into the interest for my father's needs as a form of income. I asked for another trustee to be added and they refused. So I took my complaint to the ombudsman who is investigating. Now the solicitor trustee is resigning as a result and the other trustee refuses to give me her contact details. What can I do as I am a beneficiary to. Office of public guardian is of no help although there are safeguarding concerns because they said if I don't have proof they cannot investigate. Yet, I have asked for records of whats been spent and they refuse to provide this. I am aware they don't have to, yet if I request a yearly account they should provide this in accordance with the trustee act of 2000. Please someone help with some well founded advice. I can't attempt to have the other one removed because I do not have her contact details to have her subpoenaed.
0
Comments
-
You need urgent paid for professional advice.Complaints were brought forward to the two trustees of my late mother's estate. The funds were left languishing in their account for 2 years. They didn't invest the funds nor seek independent financial advice as they were supposed to do. Instead they put the money into a regular account and were only to tap into the interest for my father's needs as a form of income. I asked for another trustee to be added and they refused. So I took my complaint to the ombudsman who is investigating. Now the solicitor trustee is resigning as a result and the other trustee refuses to give me her contact details. What can I do as I am a beneficiary to. Office of public guardian is of no help although there are safeguarding concerns because they said if I don't have proof they cannot investigate. Yet, I have asked for records of whats been spent and they refuse to provide this. I am aware they don't have to, yet if I request a yearly account they should provide this in accordance with the trustee act of 2000. Please someone help with some well founded advice. I can't attempt to have the other one removed because I do not have her contact details to have her subpoenaed.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards