IPDI will on first death

ahfat41

poseidon1 said:

ahfat41 said:

Adding beneficiaries as trustees on title deeds with an IPDI (Immediate Post-Death Interest) will has both pros and cons. What are the pros and cons? Am going to see a solicitor after new year to discuss. They are both property owners. I was thinking of transferring the title to myself and them!Is it advisable. Do I need to update my will now am the sole owner on house deed? Thanks

You have a number of related  ( and somewhat confusing) posts on this subject over the course of this year. I believe I made  definitive reccomendations as to appropriate course of action related to formal recognition of the trust in the threads below - 

https://forums.moneysavingexpert.com/discussion/6588788/is-this-good-advice-from-local-company-dealing-with-probate#latest

https://forums.moneysavingexpert.com/discussion/6593425/first-time-buyer-status#latest

What is now confusing is that since the post in March despite registering the trust with HMRC in June 2025,  you have sold the original home and downsized/ replaced it with another residence. It appears you sold as sole owner, received the monies in that capacity and from what you now say bought the replacement home as sole owner and presumably personally retained any surplus cash.

It seems to me you have already ignored the requirements of your husband's IPDI trust and begs the question whether you really want to be subject to its restrictions. You are still within 2 years of your husband's death so your children can vary his will to give you outright ownership freed and discharged from the trust.

You can then change your current will to give your children your estate inclusive of the solely owned  property which would be a much simpler straightforward arrangement for all concerned. You might also want to put an LPA in place in favour of the children.

If you do decide to terminate the trust don't forget to inform HMRC so that they can remove it from their register.

May I add the manner in which you have been throwing out random questions on the forums without linking up  past posts and updating on your actions thus far, misdirects those who respond without reference to your past posts. You cannot assume they have all the pieces of  the puzzle you present them with.

I think there has been some misunderstanding. Am not sure what past thread of mine you have been following. To recap was widowed last year. I have not sold or downside I still live in the same house. My daughter registered the trust last year and I have removed his name from the register. My question was whether I should add my two adult children name as trustees now or do nothing. The IPDI trust has not been compromised as I have not done anything or consult a solicitor. Hope this clarifies my post!

RAS

Adding the children as trustees is not "transferring the title to myself and them."

These are contradictory actions, as transferring the title would end the Trust. And have huge disadvantages for your children.

ahfat41

Will seek the advice of a solicitor. From what I understand adding their names as trustees will be the best option now as I cannot sell or downside on my own,

poseidon1

ahfat41 said:

poseidon1 said:

ahfat41 said:

Adding beneficiaries as trustees on title deeds with an IPDI (Immediate Post-Death Interest) will has both pros and cons. What are the pros and cons? Am going to see a solicitor after new year to discuss. They are both property owners. I was thinking of transferring the title to myself and them!Is it advisable. Do I need to update my will now am the sole owner on house deed? Thanks

You have a number of related  ( and somewhat confusing) posts on this subject over the course of this year. I believe I made  definitive reccomendations as to appropriate course of action related to formal recognition of the trust in the threads below - 

https://forums.moneysavingexpert.com/discussion/6588788/is-this-good-advice-from-local-company-dealing-with-probate#latest

https://forums.moneysavingexpert.com/discussion/6593425/first-time-buyer-status#latest

What is now confusing is that since the post in March despite registering the trust with HMRC in June 2025,  you have sold the original home and downsized/ replaced it with another residence. It appears you sold as sole owner, received the monies in that capacity and from what you now say bought the replacement home as sole owner and presumably personally retained any surplus cash.

It seems to me you have already ignored the requirements of your husband's IPDI trust and begs the question whether you really want to be subject to its restrictions. You are still within 2 years of your husband's death so your children can vary his will to give you outright ownership freed and discharged from the trust.

You can then change your current will to give your children your estate inclusive of the solely owned  property which would be a much simpler straightforward arrangement for all concerned. You might also want to put an LPA in place in favour of the children.

If you do decide to terminate the trust don't forget to inform HMRC so that they can remove it from their register.

May I add the manner in which you have been throwing out random questions on the forums without linking up  past posts and updating on your actions thus far, misdirects those who respond without reference to your past posts. You cannot assume they have all the pieces of  the puzzle you present them with.

I think there has been some misunderstanding. Am not sure what past thread of mine you have been following. To recap was widowed last year. I have not sold or downside I still live in the same house. My daughter registered the trust last year and I have removed his name from the register. My question was whether I should add my two adult children name as trustees now or do nothing. The IPDI trust has not been compromised as I have not done anything or consult a solicitor. Hope this clarifies my post!

So can we assume the threads below are not you, but someone you have allowed to use your user name? If so you will understand how misunderstandings can occur, and perhaps whoever uses your user name should create their own.

https://forums.moneysavingexpert.com/discussion/6625051/completion-but-not-moving-straight-away#latest

https://forums.moneysavingexpert.com/discussion/6625049/transferring-money-on-completion#latest


As for adding your children as trustees on title, that is the next step in full recognition of the trust's exsistence together with the form A Restriction.  This process informs the world at large that there can be no dealings with the property without the Co operation and approval of all title holders.

 If you don't undertake this process and left it solely in your name, nothing would prevent you from selling, mortgaging, or giving it away without reference to your children/trustees thereby defeating the objectives of the trust.

Arranging full formal land registry recognition of their trusteeship provides protection of the half share held for their ultimate  benefit on your death, so its  primarily for their protection. Registering their trusteeship in this way does not affect their FTB status since legal ownership is not the same as beneficial ownership which remains with you as the life interest beneficary. Just one of the many subtleties of trust and land law.