Trust Account fees

[Falcon5]

Hello,

In a Property Life Interest Trust Will, if the property is sold and the 50% share of the house owned by the Trust is ring-fenced in a Trust Bank Account, who normally pays for maintenance fees and/or set up costs? Should it be the person with life interest (who receives the interest) or it should it come out of the actual trust fund?

Thanks.

[Falcon5]

In particular, who should pay the following expenses:

1. Third party costs (£600) for finding and setting up the account on behalf of the trustees.
2. Monthly maintenance fees for the account (£30.00/mth).
3. Yearly accountant fee for tax return.

Is the norm for the person with life interest (who receives the monthly interest) to pay any of the above or should it come out of the actual trust fund (meaning the remaindermen absorb the costs).

Thanks in advance for any comments/opinions.