Q: Can a trustee/ beneficiary live on the property that is to be sold and divided? For almost two years? Not even for sale
They were initially planning to buy out the other beneficiaries and build on the property for themselves. But they didn’t, still live there and haven’t placed the 30 acres and house for sale two years after the trust has come to complete maturity. So they just have the property, do whatever they want , pay nothing monthly to stay there and the other beneficiaries are just left with nothing? Can they do this ?
A: If you are a beneficiary of this Trust and are supposed to receive a portion of this property I recommend you hire an attorney to assist you.
1 user found this answer helpful
A: I agree with Theressa and would like to add that as a trustee, they are under a fiduciary obligation to do what is best for all beneficiaries (not just themselves). The facts suggest this may be otherwise. You would be best advised to speak with an attorney regarding this.
1 user found this answer helpful
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