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Advice on trustee bank accounts
steveybp
Posts: 8 Forumite
Hi,
My mother and father passed away recently and left their estate to go into trust, with myself (as the sole surviving heir) and I expect to appoint my eldest niece as a joint trustee to administer the account. Where can I go to get advice on how to set this up and where to set it up? I may just take my half of the money, as indicated in the will and re-invest it elsewhere until I decide what to do with it - is that a problem?
Thanks for your help.
Steve
My mother and father passed away recently and left their estate to go into trust, with myself (as the sole surviving heir) and I expect to appoint my eldest niece as a joint trustee to administer the account. Where can I go to get advice on how to set this up and where to set it up? I may just take my half of the money, as indicated in the will and re-invest it elsewhere until I decide what to do with it - is that a problem?
Thanks for your help.
Steve
0
Comments
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Solicitor and probably an accountant as well, neither are cheap. What was the reason for setting up the trust, they can be complicated as well as expensive?0
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I agree with Nottingham - if you are the sole heir what is the reason for a trust?
Sorry if we appear to be nosey.0
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