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Trust acc need financial advisor referral cater allen

Errington_1
Posts: 4 Newbie

I'm with skipton as it was recommended for my trust account. I'm seeing issues already. My trust was for personal injury and said trustees could invest in property assets and the income from those assets could be in my trust.
Skipton won't let me buy anything WITHIN the trust. I can transfer money to a personal account but it wud affect my benefits. I can't pay a 3rd party and because money needs to be transferred into my son's account I'm worried about tax etc.
Looking at buying a house and it needs to be inside the trust.
Oh also staff had no idea so they referred me to their specialist team of trust advisors online.
So I rang head office and they said I Couldnt speak to them ha ha. Can I make an appointment to speak to one? No apparently they don't speak to anyone...
So... I need to switch... I was told cater Allen but I need a referral. I already invested £150,000 with skipton financial advisor but they can't refer me.
So I'm stuck but need to switch ASAP...
What do I do?
I do have a Santander account I never use 😂 but I don't know how to get a referral only from a trusted advisor?
Help... Please 🥺
Skipton won't let me buy anything WITHIN the trust. I can transfer money to a personal account but it wud affect my benefits. I can't pay a 3rd party and because money needs to be transferred into my son's account I'm worried about tax etc.
Looking at buying a house and it needs to be inside the trust.
Oh also staff had no idea so they referred me to their specialist team of trust advisors online.
So I rang head office and they said I Couldnt speak to them ha ha. Can I make an appointment to speak to one? No apparently they don't speak to anyone...
So... I need to switch... I was told cater Allen but I need a referral. I already invested £150,000 with skipton financial advisor but they can't refer me.
So I'm stuck but need to switch ASAP...
What do I do?
I do have a Santander account I never use 😂 but I don't know how to get a referral only from a trusted advisor?
Help... Please 🥺
0
Comments
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I'm trustee on an account that's just been set up for my brother's personal injury award, that's with Cater Allen but he went through a solicitor to get that set up.0
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If the Trustees had a Trust current account (Metro offer one), they could transfer money to it from the Trust savings account with Skipton?
Presumably they could then buy a property as Trustees and the rental income could be paid to the Trust current account for transfer to the savings account (or to the personal account of the beneficiary) as required?
The Trustees should take professional advice.0
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