We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 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!

Trust account

Options
Hi all, following a payout from late fathers estate my older disabled brothers inheritance needs to be put into a trust account with myself and another relative as trustees. What accounts are out there, banks don’t seem to advertise them much.
cheers 

Comments

  • xylophone
    xylophone Posts: 45,597 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    http://trustsdiscussionforum.co.uk/t/trustee-bank-accounts-from-the-high-street/9555/14
    Have you tried Natwest / Metrobank/ Barclays/ Cater Allen?
    It  may be a problem at the moment as a personal visit to a branch  is likely to be required.
    You may need to leave the funds in the exor account until you can deal with matters.
    https://www.gov.uk/trusts-taxes/trusts-for-vulnerable-people
  • barak
    barak Posts: 1,258 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hi all, following a payout from late fathers estate my older disabled brothers inheritance needs to be put into a trust account with myself and another relative as trustees. What accounts are out there, banks don’t seem to advertise them much.
    cheers 
    Hi! It wasn't easy 22 years ago when I opened two Trust savings accounts with Yorkshire Building Society. They are still open but I fear they wouldn't open one today. Hope you find some institution that will.
    ".....where it is corrupt, purge it....."
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The Lloyds stable have stopped opening Trust accounts. I agree Cater Allen might be an alternative but check what the costs are to open account - it will not be free to open.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.6K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.6K Work, Benefits & Business
  • 598.4K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.