Hoping someone can assist here…
Wife died leaving husband with a life interest in her share of the property- remainder to their two adult children. (Property held as tenants in common). Husband is now moving into care.
My query is as follows:
The wording of the life interest trust sets out a right of occupation for life, but is silent on how any income generated from the deceased’s share would be used, and whether this would be payable to the life tenant during his lifetime?
I am assuming that because the Will is silent on this point, the life tenant retains a right to the income for life? (as there is no wording to the contrary).
I would greatly appreciate peoples thoughts on this.
Thanks in advance.
April King Legal