We are dealing with an estate where we are looking to deposit relatively small legacy payments less than £10k each, on behalf of minor beneficiaries who will not come of age for quite some time.
The Legal Guardians of these minor beneficiaries are not suitable to act as custodians of the legacy payments. As sole Executors/Trustees we would normally place these legacy payments into a deposit account until the beneficiaries come of age. However, we are not entirely comfortable doing this and we inquire whether these monies can be placed with a suitable Court/Government backed scheme or trust until such time as the beneficiaries are able to take their inheritance.
Hill and Company Solicitors