We have a scenario where Husband died in 2018 leaving a normal life interest trust over the matrimonial home for wife, remaindermen to children equally. Wife and children were the named executors and trustees. When husband died, nothing was done regarding the life interest, the land registry was not updated and it was not registered with the TRS after 2 years of death. The wife has now died.
No other property apart from the matrimonial home was transferred into the trust and no income was generated.
Should this trust be registered now on the TRS and then immediately de-registered so that HMRC are aware that this trust existed? Or could we leave it?