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Meaning of 'no land vested...' declaration when submitting probate?
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No, but as said above take professional advice, discretionary trusts need expert advice getting them wrong can be costly.Gilessmummy said:I just need to know what the phrase actually means. .. does it mean the house isn’t in trust .0 -
What this should mean, is that the deceased owned land (or property), which was put into a settlement. For example, the deceased gave a life interest to a tenant. The deceased dies and the life interest is still ongoing, is an example of what the statement is asking - i.e. did the deceased make a settlement during their life, which still exists. There are tax issues and also practical issues re who deals with the estate to sort out. If there is a life interest, then the executors may be applying for a grant over the free estate, but may need different executors to handle the life interest (not 100% sure on this last point but think this is correct).
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