‘Mum & Dad worked really hard’ Woman in tears after move to protect inheritance backfires
Rip-Off Britain: Woman is scammed out of half a million pounds
We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info
Fighting back tears, her sister added: ”We feel we’ve let mother down and we haven’t been able to sell the house as were her wishes.
“It’s time to move on and mourn because we can’t do that until the house is sorted out.”
Jane Atkin and her brother Ian Nightingale have also been unable to sell their late parents’ house after their parents also put their property into Trust in an attempt to avoid care home fees.
Despite their mother leaving the house to them both, they are entangled in a battle to get control of it.
Although the Trust can’t take any money from the sale, the siblings can’t sell the house without the Trust’s permission.
Ian told Angela Rippon: “My parents went to the building society one day they had a promotion on.”
Pension ‘crisis’ as plans to retire at 66 shattered for many women [ALERT]
Halifax customers are in with even more chances to win £100,000 [UPDATE]
Pension warning as Rishi Sunak to harvest £6billion from savers [WARNING]
He continued: “They were told this is a good thing to protect your children’s inheritance against being used for care home fees.
“So of course my parents thought ‘very good idea’ and trusted the building society and set up a trust.”
Since going through this ordeal, Ian has set up a Facebook group to help others in the same boat.
He has been overwhelmed by the numbers of others who have got in touch to say they have spent thousands trying to gain control of their late parent’s house.
Every day he is contacted by around two more families who have experienced the same thing.
Ian added: “I’ve met scores of others who have spent hundreds or thousands on solicitors fees to untangle.
“I don’t believe my parents fully understood what they were signing.”
His sister Jane added: “They’d both be horrified – wouldn’t they if they knew it was like this – both mum and dad.
Rip Off Britain continues weekdays at 9.15am on BBC One.
What is happening where you live? Find out by adding your postcode or visit InYourArea
Graham Southorn from Maplebrook Wills said it’s important to bear in mind that trustees don’t have to be professionals.
“When you are looking to set up a Trust for your property, bear in mind that the people who have control over the assets in any Trust are the trustees.
“But the trustees don’t have to be professionals.
“You can set up a Trust with family members and friends as trustees – they have to be in agreement about decisions so you need to make sure you trust them and that they get on which each other.
“It’s easy to find a Trust provider who would let you choose people you want as Trustees.”
Source: Read Full Article