Will trusts

Question 1

What is a will trust?

Answer 1

Any trust contained in a will. They are express trusts written into the will itself and in most cases outlive the rest of the administration of the will

Question 2

Can trustees invest in land?

Answer 2

No unless it is land within the UK or the trust contains express wording which takes precedence

Question 3

What is a life tenancy?

Answer 3

Where a testator wants land retained so that someone can live in it for as long as they live. On their death it will pass to someone else