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Trustee Law I have just received an email from my cousin's solicitor's saying that they are acting for her in her capacity as a beneficiary not as a trustee. They are therefore requesting that I sign a form to agree to sell the properties. Can they completely ignore the fact that she is also wearing a trustee's hat and that to upset all the leases being finalised, the outstanding litigation cases and the fact we are in turn being claimed against for water damage will be so detrimental to the trust. Our legal costs on their own must be around £40,000 and we are owed considerable rent. Surely to request a sell at this time, knowing as she does as the joint trustee, that it will be so detrimental to the Trust can not be right. Wouldn't the Trust continue until the IHT liability has been cleared?
They are quoting section 16 of the Land & Property Trustees Act of 1996