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Trustee to relative of ex-friend

(4 Posts)
Walkacrossthesand Tue 06-Oct-15 16:28:26

Many years ago, a friend asked me to be her co-trustee to her father's will - he wanted to leave money in trust to her 2 children, his only GCs, but was very clear that the money was not to be released till they were 30 - hence the trust rather than a simple legacy, I think.
Since then, the friendship has run its course, we are not in active contact (though neither of us has bothered to FB 'unfriend' so I know her father is still alive).
Her DCs are in their mid 20s and I would think it unlikely that they'll make 30 before he departs this mortal coil. In truth, I don't particularly want to be a trustee any more - is it a big deal to back out of trusteeship? (Her father has dementia and probably wouldn't have capacity now to change the arrangement). Or is it better just to let sleeping dogs lie - friend may well be executor of the will and I suspect will prefer her DCs to get the money before they're 30 so may well not inform me when he dies, anyway! What's the score here? If o read of his death, do I have a legal liability to 'chase' her about the trust because I know about it?

Walkacrossthesand Tue 06-Oct-15 16:30:06

'o' = I of course.

Collaborate Tue 06-Oct-15 18:53:11

Being appointed a trustee is something that requires your consent at the time that the trusteeship takes effect. You don't have to do it when the time comes.

Walkacrossthesand Tue 06-Oct-15 18:56:25

Thanks, collaborate - I didn't know that!

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