W died four years ago leaving her share of the marital property to H in a life interest trust. H is the sole Trustee. I have been asked to set up the Trust.
- Do users forsee any problems with Local Authorities if H is the sole Trustee or is it simply prudent to appoint another?
- Do HMRC now require that such Trusts are registered at the outset, even if it is envisaged that no income is to be earned by the Trust?
Many thanks for your assistance.
Rexton Law LLP