Hi
my father died over a decade ago and his estate was closed shortly after his death and assets passed to my mother
one of those was a two semi detached houses which my mother signed over to me as a gift which has been accounted for in terms of IHT and CGT
I have recent found out that my father did not actually own this property and was merely looking after them as a trustee for his aunt, this seems to have been forgotten about or misunderstood as my father retained the rent for himself for many years, hard to tell but possibly up to 25 years, maybe more and did not give my aunts children any share
We have looked into adverse possession but have been told its not possible as my father was a trustee and a trustee cannot adversely posses
Now this is come to light i am left with a property which i cannot do anything with and possible debts?
I have personally only received a small amount of income as they are old houses and currently empty but i was wondering who would be responsible for the moneys my father received as rent going back years if any claim was to come forward which could be tens of thousands?
thanks in advance
Ken
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