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Beneficiary turned 18

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Comments

  • Sea_Shell
    Sea_Shell Posts: 10,066 Forumite
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    edited 9 January 2023 at 3:14PM
    I don't suppose you know who the executor is for the trustee's estate??

    I'd keep an eye on probate records to see if it's applied for.

    Your daughter is (probably) a creditor!!
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • Flugelhorn
    Flugelhorn Posts: 7,450 Forumite
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    Sea_Shell said:
    I don't suppose you know who the executor is for the trustee's estate??

    I'd keep an eye on probate records to see if it's applied for.

    Your daughter is (probably) a creditor!!
    another very good point - can imagine there might be some other debts on the estate though 
  • brooke68
    brooke68 Posts: 162 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    You mentioned in an earlier thread that one of the trustees was showing off her garden make over on Facebook, which would suggest she owned the property was that not the case?
    No, unfortunately both trustees lived in social housing
  • Spendless
    Spendless Posts: 24,791 Forumite
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    Thank you for updating. I've thought about this thread many times as your daughter is a similar age to mine. I am so sorry that it hasn't got a positive outcome.  
  • Keep_pedalling
    Keep_pedalling Posts: 21,461 Forumite
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    Unfortunately trusts for minors are very vulnerable to dishonest and incompetent trusties and your daughter had one of each. Normally the trustees of an estate don’t really want to be involved once the estate has been wound up and hand over trustee responsibilities to the minors parents a shame it did not happen in this case.
  • Spendless
    Spendless Posts: 24,791 Forumite
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    xylophone said:
     There are two trustees, the new partner and her friend but we have only ever dealt with the friend. 

    Both are equally responsible for the  management of  the Trust.

    Perhaps they took the advice of a solicitor on setting up the Trust and are now waiting for his advice on winding it up?


    Just re-reading all this thread in light of the update and you've said that one of the trustees you'll never even see in court due to their recent death, and that neither trustee has any assets but does the other trustee go to court?  
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