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Sale of house - minor is co-owner

  • 23-01-2014 4:15pm
    #1
    Eva2013
    Closed Accounts Posts: 1 ✭


    Hi Everyone,

    Im new to boards, im hoping someone can help me.

    My father died two years ago and he left his house to me my husband and our 6year old daughter as tenants in common with equal shares.

    Does anyone know if me and my husband can sell the property even though our minor daughter is a co owner? Obviously we will keep her share of the proceeds in a trust until she reaches 18.

    Any help or advise would be greatly appreciated.


Comments

  • #2
    hullaballoo
    Administrators, Entertainment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 18,774 Admin ✭✭✭✭✭hullaballoo


    You have a fiduciary duty as trustee. You can see more about this by googling fiduciary duty. That will be a rough guide of what you can and can't do as a fiduciary.

    In the event of the house going on the market, you will need to seek legal advice in relation to the sale and whether you are fulfilling your duties.


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