If a will leaves the 50% share of the deceased home in trust for a descendant, but with provision for the deceased’s spouse to continue living in the property & receiving income from it (if rented out for example), how many trusts need to be registered? Is it just the IIP trust that is registered, or does a separate will trust (with the asset entered as property) have to be registered too?
Team QLAW! Changed status to publish 6th February 2025