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Trust Account held off-shore - Trustees Non Doms
AdrianM
Posts: 1 Newbie
Can anyone help with this.
My mother died and my Sister and Brother (Australia & Canada respectively) are the executors and trustees of a trust in which I am a lifetime beneficiary.
The Bank Account is held in the IoM and I would like it to be in the UK because I would get a better rate of interest. The Trustees - My Sister & Brother (British) but non dom, state that they cannot setup a UK Bank trust account because they are not resident in the UK.
Are they correct?
My mother died and my Sister and Brother (Australia & Canada respectively) are the executors and trustees of a trust in which I am a lifetime beneficiary.
The Bank Account is held in the IoM and I would like it to be in the UK because I would get a better rate of interest. The Trustees - My Sister & Brother (British) but non dom, state that they cannot setup a UK Bank trust account because they are not resident in the UK.
Are they correct?
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