When a loved one passes away, it is a hard time for everyone who knew and loved them. It can make it difficult to deal with the legal side of things, specifically executing their will and the potential of a trust having been left. If a trust is in place and your dispute how the trust has been set up or the distribution of your loved one’s assets, his guide will give you the information you need to help settle the trust dispute in the right way and make sure that the result is what your loved one would have wanted.
What a trust is
Death is not something you will hopefully be confronted with regularly, which means you might not know all of the legal jargon surrounding the leaving of an estate through a will. To begin with then, you need to know exactly what a trust is.
A trust is when the deceased leaves some of their estates to a trustee to then be handed over to a third party – known as ‘the benefactor’ – at the appropriate time. This is often the case when money or assets are being left to someone under the age of 18 to safeguard their inheritance.
What are the grounds to start a trust dispute?
There are many reasons why a trust could be disputed. These include:
- Administration or running of the trust
- The value of the assets
- The interpretation of the trust
- Difficult trustees or feuding beneficiaries
The above are the most common problems you will encounter, but are not the only ones. Being aware of the issues particular to your circumstances that could arise from the start will hopefully mean you can see potential problems further up the road and take evasive action.
How do you resolve a trust dispute?
The most effective way to resolve issues is to seek out legal advice and, should it come to it, representation from legal professionals who specialise in inheritance law. Trust dispute solicitors are experts in the field and can help you with the process of handling a trust dispute.
It is important that you get professional legal support as you need to make sure that the assets left behind by the person you have lost are being given away fairly and to the right people.
When money is involved, some people only have their own interests at heart, even in the aftermath of a death, and this can lead to dispute. Trust disputes can be confusing and distressing, so the best thing you can do is to act quickly to ensure you are doing right by your loved one.
How we can help
At The Inheritance Experts, we work with specialist law firms who are experts in helping people to resolve trust disputes. This means they are also well-placed to help you and ensure you are treated fairly by the terms of a trust.
If you believe you have grounds to dispute a trust your loved one put in place and want to know if you have a realistic claim, do not hesitate to get in touch with The Inheritance Experts via the contact form on our website or by calling 0161 413 8763.