I have been asked to act as trustee of a couple of trusts which, whilst both being DPTs (with a VPE election in place), are accumulation rather than IIP.
I am looking at the best means (using an intermediary) by which the DP can communicate his financial requirements to the trustees without becoming aware of the trustees’ names/contact details. The DP presently has no knowledge of the trusts in question, but I can’t see that it would be practical for the intermediary not to at least declare the existence of these entities.
I have been thinking through the various reporting/registrations required by the trustees (HMRC, TRS, Land Registry, Companies House etc.) and, to the extent that any of these are in the public domain, whether these would enable the beneficiary to ascertain the trustees’ details. In that regard:
· One of the trusts own two UK residential properties.
· The other trust owns shares in a UK company.
I would welcome comments from the forum as to the best means to proceed and/or whether this is actually a practical proposition.