Anyone know how a trust fund is set up? Are there different types to choose from? what we want is one set up for when my mum dies as she's giving half/half to my sister and I. We want the trust fund to be set up so that half the house and other money is divided equally between my sister and I.
My dad recently passed away on 18th March 2006.
When my mum/dad did there will it said for my sister and I to get dad's money from his accounts to put into a trust but what we want is for my mum to have this money. Do you think they will allow us to draw all the money out to give to her? or will it have to stay in the trust? I really hope we can give this money to her.
I'm not sure whether my dad's accounts are done by Probate - I think they are. Are we able to not include this money in our trust fund.
thanks I really need some advice on what to do.
chocolatefudge