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Investing as a Trustee
margid
Posts: 6 Forumite
We've played safe so far and placed the capital in Building Societies; now they no longer let us open accounts as Trustees - and interest rates are dire anyway. Where can we place the monies to get the best income for the beneficiary who has Care Home fees to pay. Help please.
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Comments
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This is a complex area. The recent Care Act 2014 has brought about changes to the way people pay for care and so you should carefully plan ahead. You should speak to a qualified Long Term Care adviser. http://societyoflaterlifeadvisers.co.uk/Stephen 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
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