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Value of Trustee on Property Trust?

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My father recently passed away, and in accordance with his will, his 50% of the family home is in trust for myself, his child, rather than passing to my mother who holds the other 50%.

The probate process has been straightforward, but several times the solicitors have said we STRONGLY recommend an additional trustee be registered on the trust.

Ive pushed for reasons why this is so much advised, and I get what I feel are woolly answers like "it makes sure the assets of the trust are not overlooked when the property is eventually sold".

Since there are no other family members concerned, and its a property I live in and will continue to, I dont see what potential there is for anything to be 'overlooked'.

Is there some value here I'm missing, or is there some practical upside to this the solicitors cant legally spell out?

Comments

  • Savvy_Sue
    Savvy_Sue Posts: 47,332 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    IDK, but is it potentially a problem if you die before your mum?

    And is that possibility, however remote, reflected in your wills?
    Signature removed for peace of mind
  • Keep_pedalling
    Keep_pedalling Posts: 20,859 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    If this is a life interest trust, then there is nothing for trustees to do until either your mother dies or she moved into care so it is not crucial.
  • Annisele
    Annisele Posts: 4,835 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I don't know - I'm entirely guessing - but I wonder if it's to do with overreaching. Sometimes purchasers will be much happier buying from two trustees than just the one.
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