Hello, I hope you can help, I find these legal matters utterly baffling.
I’m an only child and my mother died 4 years ago. She owned a house with her half-sister who is still alive (much younger). My mum contributed much more to the purchase of the property and so a deed of trust was drawn up. She also made a will which I have. My mum wanted to make sure that in the event of her death, her sister could stay in the house forever (and vice versa). They wanted to know the other would be looked after which is as it should be.
There is a Trust that was activated when mum passed. I am an executor and trustee. My mum told me that if my aunt sold the property, the proceeds would go into the Trust. My aunt could then use her portion of the sale to buy another property and if she needed, could use some of the remaining funds (for example, if my aunt didn’t have quite enough).
Before she died, my mum said she’d like my aunt to sell up eventually so that I could have some of my inheritance. This meant a lot to my mum as she knew it would change my life. Since mum died, my aunt said that even if she sold the house, I’d get nothing until she died. I think this is wrong and I’d get something.
does anyone know if my aunt is correct?
I don’t want to actually discuss this with her as it is such a sensitive topic.
Thank you for any advice or thoughts on this.