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Hi All,
My mother is one of two trustees assigned to the discretionary trust left to me by my late father, the other is my uncle.
Due to a family dispute my mother now wants to resign from her duties as trustee and is encouraging my uncle to do the same. Where would this leave me as beneficiary? Could they potentially appoint a solicitor to do the work of the trustees instead?
I ask because the trust is not wildly clear on how the money was to be delegated to me, except in a statement of wishes which as I understand it is more of a guideline than a set in stone sort of thing. The only stipulation was that if I die before all funds have been used then the remainder would be passed on to my half brother and sister.
I also have a strong suspicion that my mother may have potentially misappropriated funds and paid a sum of money to herself from the trust which was not outlined in the will, although as I have never seen a copy of the bank statements I can't yet prove this. Would this hold any sway in my being able to potentially take on the remaining money myself?
Thanks in advance for any assistance.
My mother is one of two trustees assigned to the discretionary trust left to me by my late father, the other is my uncle.
Due to a family dispute my mother now wants to resign from her duties as trustee and is encouraging my uncle to do the same. Where would this leave me as beneficiary? Could they potentially appoint a solicitor to do the work of the trustees instead?
I ask because the trust is not wildly clear on how the money was to be delegated to me, except in a statement of wishes which as I understand it is more of a guideline than a set in stone sort of thing. The only stipulation was that if I die before all funds have been used then the remainder would be passed on to my half brother and sister.
I also have a strong suspicion that my mother may have potentially misappropriated funds and paid a sum of money to herself from the trust which was not outlined in the will, although as I have never seen a copy of the bank statements I can't yet prove this. Would this hold any sway in my being able to potentially take on the remaining money myself?
Thanks in advance for any assistance.
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