He needs to appoint another trustee now in the
trust deed. Trustee does not need to be a beneficiary but can be anyone you
trust. You will still be the sole beneficiary.
The reason is that a single beneficiary cannot
give a valid receipt and there must be to beneficiaries. It is a legal thing
going back hundreds of years.
It doesn't matter in the case of your will
because you are the only beneficiary but for the purposes of the trust, it
needs two trustees
Does that answer the question? Can I assist
further or answer any specific queries?
If you have not done already, please don't forget to positively
rate my answer service even if it was not what you wanted to hear. You should
now see a series of buttons which enable you to rate my answer service
If you don't rate it positively, then the site keep your deposit and I get 0
for my time. It is imperative that you give my answer a positive rating.
It doesn't give me, "a pat on the head", "good boy" (like ebay), it is my
If in ratings you feel that you expected more or it only helped a little,
The thread does remain open for me to answer follow-up questions
after rating my answer service.
Rating doesn't close the enquiry at
all even though the site may give that impression. It remains open for you to
read and ask for further clarification.
PS Experts on here are online and off-line all day each day and
weekends so please bear with me if I do not get back to you immediately.
PS. I use voice type, voice recognition typing because I only
type with two fingers and it would take me ages. Sometimes, a computer does not
hear me correctly and you will get an incoherent word. I do try to but
sometimes they slip through. I apologise therefore if anything doesn't make
sense. It is me losing it, not you. Just ask if anything is not clear please.