Finding out/ getting my hands on my inheritance

[dazp]

So to cut a long story short.

My gran died 10 years ago and in her will left myself and my cousin her house (50% each). At the time this was sold and put into a trust fun for us as we were both aged 14, I do not know how much was put in for each of us.

At the time there were 2 people put in charge of the money and decided when we could with-draw/ recieve the money. However 1 (non family) of these people have left the country and no one can get in contact with them and the other person is very un-reasonable when it comes to talking about the matter (family).

Now the question is how do I find out how much is in there now,

[LivingTheDream]

Those 2 people are the trustees so they need to deal with it - the solicitor that handled the will may have also been a trustee, sometimes happens.

[dazp]

LivingTheDream said:

Those 2 people are the trustees so they need to deal with it - the solicitor that handled the will may have also been a trustee, sometimes happens.

Thats the word I was looking foe trustees.

So what do I/ we do if one has gone missing and no one can get in contact with them. Does it mean the other trustee has to deal wih it all?

[craigjm]

Any trustee that is still contactable should deal with it. If they refuse to then you do an online search for local solicitors that deal with inheritance and book an appointment to see them. Get as many details as you can such as date of death etc before you visit and they should be able to help you.

[ukshooter]

When a trustee goes AWOL, it is possible to have them removed as trustee and replaced. It sounds like an accumulation and maintenance trust was used although without seeing the trust I cannot be certain. However, once a beneficiary reaches age 25 they are a'absolutely' entitled to either the capital or the income.

If the existing trustee is not being accommodating, not sure if there is a great deal you can do until either you or your cousin reach 25.

[Irrotational]

When I looked at trusts the solicitor reckoned you could put age limits in, but they were legally dubious and once someone became 18 there was a good chance they could challenge any age restriction and win...this is in scotland if it makes a difference...

IANAS and I'm just repeating what they told me...no idea if it's true...

you'd also have to have a large legal fight, with a family member...that can never end well.

[ukshooter]

Irrotational said:

When I looked at trusts the solicitor reckoned you could put age limits in, but they were legally dubious and once someone became 18 there was a good chance they could challenge any age restriction and win...this is in scotland if it makes a difference...

IANAS and I'm just repeating what they told me...no idea if it's true...

you'd also have to have a large legal fight, with a family member...that can never end well.

It depends on the trype of trust and whether the beneficiary is an 'absolute' beneficiary or a potential or 'discretionary' beneficiary.

I don't mean to be impolite, but Trusts are not the type of thing for hearsay. The only course of action is to speak to a trust and estate specialist.

[dazp]

Thanks for the information. Just to clear a few things up when the money was put into trust it had age restrictions put on at 18, 21 and 25 years old as far as I know and there was a clause that stated if myself or my cousin were in full time education or addicted to drink or drugs we were not allowed the money until the trustees deemed it ok for us to have it.
Now as for me I have not been in full time education for the last 5 years and nor am I addicted to drink or drugs. I have not really thought about the money that is left to me until now, when I think it can help me with a deposit on a house. Also I dont really mind not having the money for another 1-2 years but would just like to know how much I have so I can start planning around this with my finance.