Put family property into a trust

Disbelievers

My Mother passed in 2010 and we were advised by the solicitor who read the will to put 50% of the family home into the 3 childrens name with the remaining 50% in my Father’s name. We did this with the land registry and that is how it’s been left to date
One of the children has been advised by her finance person that since 2022 the property has to be registered as a trust and we need to set up a government gateway organisation. Then their finance person will set up the trust (no costs given). Also that the land registry document we currently hold is unlawful. 

My father is 92 and has been diagnosed with Alzheimer’s disease 

Is this correct and is this the best and/or only thing to do?  Thank you

retiredbanker1

Please take paid for legal advise for something as complex as this.
 

tacpot12

The property doesn't need registering as a Trust; The Trust needs registering as a Trust. (And you will need a Government Gateway Organisation Account to do this). It's free to do yourself, but you need to understand the nature of the trust. If you don't understand the nature of the trust, it will cost you probably £500 to have it registered as the person doing so will need to establish the type of trust and all the other details that need to be registered.

Why do they say that the Land Registry document is unlawful? (And you shouldn't have any Land Registry documents as the ownership of the land is recorded at the Land Registry not on a document that you hold). 

It does sound like you haven't got much understanding of the situation, and so you need to pay for professional legal advice. Be aware though that you really need to understand this. I would recommend that you document it while you understand it, because in a few years time, you won't understand it again and will have to pay another £500 to have it explained to you again, and so on.