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Inheritance in a trust and UC

marywooyeah · 2024-05-04 19:16:29

Hello, My father passed away last year and left the house in a trust which provides that my stepmother continues to live in the house as a life tenant and is entitled to 50% of the house, and the other 50% will go to me, my three brothers and another third party when the house is sold after my step-mother dies. One of my…

Comments

marywooyeah Posts: 2,670 Forumite

8 May 2024 at 4:04PM

hi, I've since been informed that this is to be a discretionary trust - I'm still not clear on whether this is classed as having capital. A comment on another thread seemed to indicate not, but a google search shows that discretionary trusts need to be considered for UC so I am still confused.

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