Leeds Permanent Trust Account

1489Riley

When my daughter was born back in 1979, a friend at that time opened a Leeds Permanent Investment Trust account and deposited a sum of money in the account.

She's now 40 this year and would like to access whatever the amount is now i.e. capital sum plus interest.

The account is likely to be deemed to be dormant and given it's a trust account would she be able to access the funds anyway? The original trustee was a friend at the time and we've no idea where she is or even if she's still alive.

Anyone any idea on the process that my daughter should follow?

eskbanker

Sounds like she should contact Leeds along the lines of 'I believe that I'm the beneficiary of a trust account opened in 1979, please advise what's happened to this account'?

If they have a record of it then hopefully it'll be straightforward to gain access.

If not, then you might need to try to find the old friend via social media, etc....

I'm assuming that you and your daughter have never heard anything or (better) got anything in writing about this account? It would be normal for control to pass to the beneficiary at 18 (dependent on its terms), so if she didn't hear anything then that's not a good sign, although there could presumably be changes of address involved?

Uxb1

Note carefully that the Leeds PERMANENT Building Society which is not to be confused with the similarly named Leeds Building Society (which still exists) was taken over by the Halifax Building Society as it then was in the mid 1990's before the Halifax converted into a bank.
So you will need to contact the Halifax.

Carrot007

Might be complicated!


I was opened such an account with the LBS (now halifax) when my parents were divorcing. Was always told it was mine at 18. Turns out that it was but it also needed to be signed over.


Instead of getting it at 18, I got it at 26 when my father decided to send an xmas card (sasy he had before but I never saw one).


I guess it qwould have been opened around the same time ish in the late 70s.


May as well go in and see what can be done though.