Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

Buy now

Please or to access all these features

Chat

Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting.

A question about Wills and appointing trustees etc

1 reply

whatwouldyoudo3 · 09/10/2018 22:45

Hi

I am currently drafting my Will, and have appointed two family members to be my trustees, should I die before my youngest dc is 25.

However I didn't realise how complex being a trustee seems to be, and am wondering if I should leave them to inherit (a house, which they would then own a third of each) at 18 instead?

18 seems too young though - is 25 too old?

Also, I didn't realise how much discretion the trustees have - who is there to check that they do things which are in the interests of the trusts (is that how my children would be referred to in this context?).

Thanks - any advice gratefully received Smile.

OP posts:
ExFury · 10/10/2018 05:07

Could you not use 21 as a middle ground?

Trustees have a lot of discretion. We have three in our wills and two of the three have to agree which stops one overruling the other too much as it’s a majority.

New posts on this thread. Refresh page