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advice needed please
beckie
Posts: 419 Forumite
my mum's sister-in-law passed away last year, and has left everything to her 6 year old son. She was separated from the father but he now lives with him.
My mum, her husband and 2 others are the trustees. Im not totally sure of the figure, but I would have thought it to be quite a few thousand because along with life assurance policies, he also receives a monthly pension and a nominal rent from his father who now lives in the deceased's property. The property has been left to the boy too,and they are going to live in it, at least for the time being.
The administration is almost over and they are looking for the best way to invest his inheritance. All four trustees have to sign for any withdrawals.
Could anyone please advise the best option to invest his money?
My mum, her husband and 2 others are the trustees. Im not totally sure of the figure, but I would have thought it to be quite a few thousand because along with life assurance policies, he also receives a monthly pension and a nominal rent from his father who now lives in the deceased's property. The property has been left to the boy too,and they are going to live in it, at least for the time being.
The administration is almost over and they are looking for the best way to invest his inheritance. All four trustees have to sign for any withdrawals.
Could anyone please advise the best option to invest his money?
0
Comments
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The trustees have a legal requirement to seek advice. Asking on a website would not meet that requirement.
Trust requirements, term, goals etc will impact on what is the best option and that won't get answered here as there is insufficient information.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
ok, just thought it was worth a try!
thanks for replying tho!0
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