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JGM
JGM, Solicitor
Category: Law
Satisfied Customers: 11135
Experience:  30 years as a practising solicitor.
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Money from the sale of the grandmothers house has been left

Resolved Question:

money from the sale of the grandmothers house has been left in trust to 3 grandchildren, they cannot have the money until she dies but they can invest it. They plan to buy a house to rent, can the trust money be used for fees such as estate agents, solicitor's and surveyor's ? She is in a nursing home and the rent will pay for her care if her own money runs out.

Submitted: 1 year ago.
Category: Law
Expert:  JGM replied 1 year ago.
Yes, trust provisions should allow for professional fees for a house purchase in the same way that a financial adviser would be entitled to fees for setting up paper investments. Happy to discuss. I hope that helps. Please leave a positive rating so that I'm credited for my time.
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