We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Family Trusts, any good?
Comments
-
It's as simple as you've described it. If you set up a lifetime trust, (i.e. whilst you are still alive compared to a will trust when you're dead) you are the settlor and have full control over the trustees so you can add or remove them as you like. You can also be a trustee.
Can a Trustee of a Will trust be removed before I die?
Thanks0 -
Forever_Forest wrote: »Can a Trustee of a Will trust be removed before I die?
Thanks
Yes you canStephen Covey once said that "when you teach once, you learn twice". That is the primary reason for my participation on the forums as an IFA.
Although I strive to provide accurate information in my posts, there may be the odd time when I fail. Yes I know it's hard to believe but even Your Hero can make mistakes. Apologies in advance.0 -
Forever_Forest wrote: »Can a Trustee of a Will trust be removed before I die?
Thanks
Yes change your will - they don't become trustees until you die.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards