The rules of intestacy can provide for assets to be held in a
statutory trust (TSEM6120). The trustees of these statutory trusts
are usually also the administrators of the estate. Administrators,
owning trust property, change to trustees, owning the same
property. The change occurs at the date they assent to the property
vesting in themselves as trustees. There is no problem if the
administrators give assent in writing, but this rarely happens. It
is often necessary to look at other evidence to determine the date
of change.
If any beneficiary of a statutory trust is under age 18, the
trustees must include