Value of Trustee on Property Trust?

WobagUK

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?

Savvy_Sue

IDK, but is it potentially a problem if you die before your mum?

And is that possibility, however remote, reflected in your wills?

Keep_pedalling

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

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.