Hello, I’m co-executor for my late wife, she had a Will in which a Discretionary Trust was set up. I have obtained Probate myself. I need guidance as to what happens with this Trust and what action is required in respect of our jointly held property (held as trustees in common). The only other assets are some shares total value some £700. What are the likely costs for dealing with this? Thank you.
Tim Harrison Answered question 4th April 2024
Hi, and thanks for your post. So sorry to hear the loss of your wife. Does your wife’s will gift everything to the discretionary trust, or a specific amount?
Neil Quantick Answered question 1st April 2024