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Trust Funds

RachelPotter
Topic Author

12 years 6 months ago #69018 by RachelPotter

Trust Funds was created by RachelPotter

Hi, I have been searching the web but cannot find any useful information!

Please, does anyone know whether or not child trust funds count as savings?

Any help would be very much appreciated,

Best wishes,
Rachel

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Gordon
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12 years 6 months ago #69021 by Gordon

Replied by Gordon on topic Re:Trust Funds

Rachel

Setting up a trust for your childrens inheritance is likely to be complicated. I would start by contacting you local CAB or Welfare Rights office, but you should expect to need the use of Solicitor with relevant experience in order to make it happen.

To give you an idea of the complexity, the chapter in the DWP Decision Makers guide that deals with Capital is 360 pages!

Nothing on this board constitutes legal advice - always consult a professional about specific problems

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originaldave

12 years 6 months ago #69023 by originaldave

Replied by originaldave on topic Re:Trust Funds

Fedup wrote:

Hi, I have been searching the web but cannot find any useful information!

Please, does anyone know whether or not child trust funds count as savings?

Any help would be very much appreciated,

Best wishes,
Rachel

the only charity i know that gives advice on this is mind i think (regards children)

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RachelPotter
Topic Author

12 years 6 months ago #69024 by RachelPotter

Replied by RachelPotter on topic Re:Trust Funds

Hi Gordon, what you have just said is truly invaluable!

I can not face any more at the moment and now I know exactly what to do!

Best wishes,
Rachel x

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RachelPotter
Topic Author

12 years 6 months ago #69028 by RachelPotter

Replied by RachelPotter on topic Re:Trust Funds

Thankyou Dave

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originaldave

12 years 6 months ago #69029 by originaldave

Replied by originaldave on topic Re:Trust Funds

Do take into account the new trust funds which are new and run by banks and dwp

thats not the same as being held in trust till they grow up

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