Wednesday, December 23, 2009

Bare. trust funds. Advice needed?

Is it possible to set up a bare trust for a child but to stipulate that the proceeds are not to be made available to the child until the age of 25?


Specifically, can you prevent the child from having access to the money at 18?





Advice from accountants, bankers and solicitors would be most appreciated.Bare. trust funds. Advice needed?
It is possible to set up a trust that denies a child access to the trust funds until the ';child'; is 25 but a tax charge will arise if the beneficiary does not become absolutely entitled to the property on his/her 18th birthdayBare. trust funds. Advice needed?
Try Barclays bank trust company,My dad set one up for me.But i can never touch the capital,My kids get the monies when i die.

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