Good morning. The houses are worth the following:
Family home - Approx £265000 no mortgage outstanding.
House held in trust - Approx £100000 again no mortgage outstanding.
Can we as beneficiaries request the house held in trust be sold as asked by my first question.
The trust deed states the property fee simple was paid by the purchasers (My Ex and I) and the property was transferred to the trustee as trustee for the purchasers. I am confused as to why you state the property was not transferred by myself and my ex to the trustee.
I accept the council transferred the property to the trustee, the sum was paid by the purchasers. My mother only received the property as the trustee, a position she would not hold unless the purchasers agreed.
I believe the purchasers are obviously identifiable and the trust was set up by them for the benefit of the beneficiaries.
The deed is silent on the length of time my mother has a right to live in the property. If both the purchasers as the likely settlor of the trust and the beneficiaries agree can we require the trustee sell the property.