House in trust
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House in trust
Our parents are deceased
and the house is in trust
with us three children
three siblings two girls
one boy one does not want
to sell the other to do
what happens how is this
Asked on May 25, 2018 under Estate Planning, Massachusetts
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 3 years ago | Contributor
The beneficiaries do not directly have control over what happens to the trust property or assets: the trustee(s) decide what to do with the property, while following the instructions or rules for the trust set out in the documents creating the trust. (The documents creating the trust determine how it is run and what should or could be done with the property, money and other assets in the trust.) So the answer to your question depends on what the trust says should be done with the home, and what the trustee(s) decide to do within the rules set out for them.
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