Inheritance??

Jade11

Hi, I am hoping for a little help.

My father died when I was young . From his Will, I was left some money which I would get when I turned 25, which will be next year. My nan was in charge of it all (Would she have been the trustee?). However she passed away a few years ago.

Im not sure who as charge of it now, maybe the firm who dealt with it? What id like to know is What will happen when I'm due the inheritance? Do they write? Also, this may sound daft but I've moved several times so will They know where I am?

Sorry I don't know alot about this, and have no family of his side to ask

Robin9

Do you have a copy of your father's Will ?

If so can you contact the solicitors involved.

Keep_pedalling

Might also be worth obtaining the probate records of your nan to find out who her executor was.

SeniorSam

Your Nan would have had someone dealing with her estate, an Executor. They are legally responsible for all of your Nan's affairs, so they may have this in hand. However, your Father's Will may have appointed other Trustees to administer the trust money for you, so you may need to see his Will. If you have other relatives, they may know who was dealing with this, but it should not be a problem finding it out.

When you have tracked it down, make sure you check up on what has been happening to the money left to you since your Father died. The appointed Trustees have a legal duty to make sure the money is retained safely for you and properly invested, so it should have increased in value. Do make sure you ask and get full details.
Sam

Jade11

Thankyou for your replies. I have no copy of the will, all i know is the town where the firm was , which I guess may be a start.
Can solicitors of who dealt with my fathers will be appointed as a trustee? I can remember when I was younger my nan saying something about a lady would be dealing with it, I think because my nan was getting ill.

securityguy

More generally, leaving money in your will in trust to your children with the trustees being your parents (ie, the beneficiaries' grandparents) is a bad move. Leaving aside the regular citing of Saunders v Vautier as to why trusts which lock money up past 18 are in general unenforceable and the remaindermen have the right to demand the assets be transferred to them, the chances are distinctly non-zero that the trustees will be dead or incapacitated before the trust matures.

TonyMMM

Jade11 wrote: »

Thankyou for your replies. I have no copy of the will, all i know is the town where the firm was , which I guess may be a start.

Start be getting a copy of both wills and seeing who the executors were ... you can order a copy (cost £10) from here:

https://probatesearch.service.gov.uk/#wills

Jade11

Sorry another question. So I received a copy of my nans will today. It was dated a month before she died, Im pretty sure she had one prior, is there any way I can find/view it?

Keep_pedalling

Jade11 wrote: »

Sorry another question. So I received a copy of my nans will today. It was dated a month before she died, Im pretty sure she had one prior, is there any way I can find/view it?

No the new will, will have invalidated the old one of which there will be no public record.

da_rule

Jade11 wrote: »

Sorry another question. So I received a copy of my nans will today. It was dated a month before she died, Im pretty sure she had one prior, is there any way I can find/view it?

Not unless you can find it. Only the most recent will would be needed to obtain probate.

There is also a standard clause that revokes all previous wills, so unfortunately, even if you did find it then it could not be relied upon (unless you could prove that she was not of sound mind when she made the new will).

Jade11

da_rule wrote: »

Not unless you can find it. Only the most recent will would be needed to obtain probate.

There is also a standard clause that revokes all previous wills, so unfortunately, even if you did find it then it could not be relied upon (unless you could prove that she was not of sound mind when she made the new will).

It's seems a bit like that. However it was 3 years ago so I guess not alot can be done if challenged