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Bank Account for Will Trust
SEPS
Posts: 9 Forumite
I can get a joint bank account but this leaves the account open to any trustee withdrawing money.
On the other hand would want to be able to transfer money from the account into other investments easily.
Any suggestions for an account that squares this circle gratefully received.
On the other hand would want to be able to transfer money from the account into other investments easily.
Any suggestions for an account that squares this circle gratefully received.
0
Comments
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I don't understand what you mean. Could you explain a bit more?0
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A will trust has been created? Is there a trust deed? How many Trustees are there?
If an account is opened for the Trust, it will be in the name of XXXX Trustees of the YYYY Will Trust - you will arrange with the bank whether the account requires any to sign, two or more to sign etc.
I would doubt that the bank would allow internet access to such an account - and it is likely that the Trustees would have to be unanimous regarding any investment decision.0 -
Try Cater Allen - they do trustee accounts.0
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