I am dealing with an estate where a minor beneficiary is entitled to a share of the residuary estate (approximately £35,000) upon attaining 21. He is 19. The money needs to be invested and I would appreciate any suggestions members have for short term investments that would be suitable given that he will be entitled to the money in 2 years (or possibly less). Also, he is entitled to the income from the age of 18 so would that affect the type of investment the executors could make.
Phoenix Legal Group