Ending trust for alternative legal structure options

Green2222

My brother and I looking for advice following the death of our dad 16.9.26 - he left his property in UK to me and my brother in a trust. 

My brother lives in the property and will continue to do so.  I live in France.

Given the complexity of the trust, my brother and I are in agreement that we would both much prefer to avoid having  the trust and replace it with a simpler structure , that has the same practical effect as the will trust.

These are our questions - 

What are our options to ending the trust - me conveying the house to my brother as sole legal owner subject to a charge in my favour - via a variation to the will or appointment out of the trust?

How could we organise such a change?  Would you be able to provide clarity of the tax consequences of alternative arrangements.- such as IHT, CGT, stamp duty.

Are any other ways to terminate the trust but maintain my brother's right to redside, and my financial interest in the property in a cost effective way?

The point we are at is - probate has been granted, the trust has not yet been registered, and we have not done conveyancing

I'd be really interested your advice.

I've uploaded a copy of dad's will.

Thanks so much in advance!!

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MouldyOldDough

https://forums.moneysavingexpert.com/discussion/6661089/ending-trust-for-alternative-legal-structure-options

Sorry but your Dad died in 6 months time ? 16.9.26

Green2222

my bad. he died 16.9.25

Yorkie1

Your best bet would be to consult a solicitor who is a member of STEP (Society of Trust and Estate Practitioners).