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Independent Financial Advisor

HillStreetBlues
Posts: 5,544 Forumite


For money that has to be put into a Trust so a low rate of interest if just put into a bank, what amount would people consider worthwhile to get one?
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Comments
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Not enough info.
If all you want to do is set up a trust and associated bank account, then it is normally a solicitor that is needed.0 -
£100k plus. If you can set up the trust without an IFA but invest in stocks and shares (probably in funds) then I would be doing that, the issue is that you probably have to show that you are investing in a sensible way and the use of an IFA does that.If you had £500k and put it in a global tracker, for a child that had suffered a medical negligence case and this was the settlement you may be concerned that that is too high risk even if your looking at a 50 year horizon.0
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It will be a bare trust for a personal injury but currently unsure of amount. I expect will end up at Cater Allen as so few banks now allow Trusts.
The options would be just to take their interest rates or some sort of investment
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