We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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 for 17 year old daughter
Options

ne551973
Posts: 2 Newbie

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?
0
Comments
-
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.0
-
I found the only high street bank willing to open trust accounts was metro bank1
-
Thanks @Keep_pedalling my daughter turns 18 in October this year0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards