Inheritance

robwhite88

I am looking for help/ advice. I lost my mother back in May of last year and I am to sole beneficiary to her estate. This includes a 50% share in a property (which I owe the other 50%). Would it be possible for me to set up a trust in her name for her share of the house? Any help will be greatly received. 

born_again

Any reason why you would want to set up a trust, given you would be sole owner?

Is this due to getting means tested benefits, or have family?

Albermarle

Is there a reason that this question is in the Disability forum, as it is not immediately obvious why ?

Keep_pedalling

It’s possible, but would almost certainly be a terrible option. Is this your home? What are you trying to achieve? 

elsien

Does the trust not have to be specified in the will for this to be an option? 

What are you trying to achieve? Because if you’re living in the property, it won’t affect any means tested benefits and if you aren’t, you already have the 50% that counts as an asset.

I can’t think of any other reason why you want to do this. Unless you’re trying to protect assets from a divorce or something like that?