Losing a loved one can be a hugely difficult time in your life which can be made all the harder by having to deal with a legal dispute. Issues around a person’s will and, specifically, a trust they leave behind, is an extremely delicate subject at this point in your life but one you need to face head-on.
It is a sad fact but when you lose someone you love, there is a possibility of family members and friends can become greedy and try to take advantage of money that is rightfully yours. If this is something you find is happening to you, then this article will give you the essential information you need to establish how to move forward.
What is a trust and how does it work?
If you are just dealing with the loss of a loved one and how the will is going to be executed, the chances are that you might not be familiar with what a trust is and need to learn this essential information about discretionary trusts to understand your rights and how to move forward. A trust is when you do not receive the money from your late relative directly, and it is instead passed on to a trustee, named in the will, who will take care of the money and decide whether or not it is given to you.
Your relative might have decided to set up a trust in good faith to ensure you don’t spend all the money at once and to give you some instruction about how to spend the money. However, even though they might give the trustee some idea of how and when the money should be given to you, by law they could keep it all for themselves, which is where your dispute will most likely begin.
What can the professionals do?
Once you have established that there is a dispute about the trust, you need to get in contact with the professionals in order to help you through this difficult time. The Inheritance Experts are a good place to start as you will be able to talk to the very best in the field who can aid you in getting your case resolved sooner rather than later. One advantage of choosing The Inheritance Experts is that they offer a fixed fee service as well as personal, dedicated solicitors who will be assigned to your case from the start and stick with you throughout.
Take care of yourself along the way
The last thing you need to know about how to handle a trust dispute is how to deal with grief. The whole reason this process began was because you lost someone you cared about, and it is important to deal with these feeling proactively in order to be able to cope with the potential stress of sorting out this dispute. Allow yourself the time to mourn your loss and look into grief counseling to give you some extra help along the way.
Have you ever dealt with a trust dispute? Let us know in the comment section below.
As always, thank you for visiting and have a great day!
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