Will Trust - investment for beneficiary

Trusts Discussion
1

I wondered how other members would handle this situation?

Beneficiary is currently 18 and has been left c£35k in a Will on attaining 21. The executor does not wish to act as trustee and has asked us to step in as trustee (family disagreements). The beneficiary was a foster child of the deceased and it would be unsuitable to distribute early. The beneficiary has no suitable parents to distribute to, or act as trustee.

I am concerned as to how to invest the monies appropriately having regard to ongoing fees etc. I note that Trustees can’t hold premium bonds.

2

As a trustee you should be able to seek professional investment advice. An IFA can give you the best advice given your circumstances ans short term requirements.

3

Thanks Lucy, I’m concerned about being criticised for incurring costs over what the trust in likely to achieve

4

Hi Victoria

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