Legal Question in Wills and Trusts in Utah
Me and my 7 siblings have a share in my deceased parents home. It is in a Trust. One Sibling is living in it and not paying rent. Is there a way to get My 1/8 from a loan against the Trust?
Asked on 10/25/11, 6:08 pm
1 Answer from Attorneys
Randy Lish
Randy M. Lish, Attorney at Law
There is probably no lending company which will lend with only a portion of the property as security. The Trustee needs to review the trust to determine exactly what rights each beneficiary has under the trust, and then take steps to enforce the trust by starting eviction proceedings against the beneficiary who is staying in the home without paying rent.
Answered on 10/26/11, 7:39 am