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Trust funds.
thebrowns88
Posts: 15 Forumite
Hi,
I am an executor of a will where 4 beneficiaries are children.
They are not to receive their legacy until 25.
The youngest is 13 but the oldest is nearly 18.
Where is the best place to invest this money to get the best return for them?
It will be approx £5000 each.
Thanks for your help,
Julie.
I am an executor of a will where 4 beneficiaries are children.
They are not to receive their legacy until 25.
The youngest is 13 but the oldest is nearly 18.
Where is the best place to invest this money to get the best return for them?
It will be approx £5000 each.
Thanks for your help,
Julie.
0
Comments
-
The funds will need to be held in trust for the children.
In view of the age 25 requirement, a bare trust may not be suitable.
Check the situation with the solicitor who drew up the will.
http://www.hmrc.gov.uk/trusts/types/index.htm0
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