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Trust account for 17 year old daughter

My children’s father has recently passed (we have not been together for years) as the children are his only next of kin and there was will I have been dealing with the estate. His employer has informed that there was death cover and they are asking me to open up a trust account for my daughter who is 17 ( my son has recently turned 18 so they are paying him directly) I’m struggling to find an account provider for my daughter, one that I can open for her with her being 17 and that will allow for more than £50,000. I’m not sure if I need to use a solicitor either? I’ve managed to do everything so far myself and reluctant to have to use a solicitor to be honest. Any advice? 

Comments

  • Keep_pedalling
    Keep_pedalling Posts: 23,547
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    edited 3 March 2025 at 12:44PM
    Trust accounts are a pain, how far is your daughter away from her 18th birthday? Would the pension company delay payment until her birthday? 

    You certainly should not need a solicitor. 
  • marcia_
    marcia_ Posts: 4,426
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
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     I found the only high street bank willing to open trust accounts was metro bank 

    2026 wins - Parker Pen American Sweets bundle 2x dish magic bundle NEU shots & a NEU training T-shirt ToeZone Shoes Worth £32

  • Thanks @Keep_pedalling my daughter turns 18 in October this year 
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