Remove trustees from property trust

bigfella21

My mother's house was put into a trust in 2011 and 4 of my siblings are trustees. My mother died in July 2024. I am the eldest and am not a trustee, although I am named as a beneficary. The problem is that 2 of the trustees want to sell the house and 2 are refusing to sell it. As a result, we cannot administer the estate. What can be done?

Keep_pedalling

If the house has been in trust since 2011 then the problem is with winding up the trust rather than the estate, so what do the terms of the trust say about what happens on your mother’s death.

Assuming that she remained living there until recently then the house only forms part of her estate for IHT purposes. Would that take her into IHT territory?  Her estate would not be able to claim the residential NRB so depending on her marital status  anything over £325k (up to double that if she was a widow) including the house could mean a substantial IHT bill needs paying which might force the issue.

I suspect however that unless agreement is reached this may end up being decided in court which will be expensive.

Brie

Makes me wonder why they don't want to sell.  Because they are living there?  Because they want to become landlords?  Because there's too much emotional attachment?

In any case they have the option of buying out the other beneficiaries.  

Talking this through with them would be step 1.