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Who is responsible for the upkeep of a house left in trust to children whilst stepmother lives on it it until her death?
Wiki User
∙ 14y ago
The Trustee (The person who is keeping the property in trust) is responsible for it's upkeep. Since where a trust is created the legal title of the property is transferred into the name of the trustee, the house becomes de facto the property of the trustee, although the equitable title is still held by the beneficiaries (those for whom the property is being held in trust for).
Wiki User
∙ 14y ago
The trustee named in the trust document is responsible for the upkeep of the house, including any maintenance, repairs, and upkeep costs, while the stepmother lives in it. The trustee must ensure that the property is maintained in good condition for the children's benefit when they eventually inherit it. It is important to review the trust document for specific instructions regarding the responsibilities of the trustee in this situation.
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