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MyEggNest Ask the Experts - Discretionary Trust Fund for Adult Children

Date: 16 October 2009

Ask the ExpertQuestion 

Hello Steve 

I want to set up a discretionary trust fund for my adult children. The fund would consist of a house valued at approximately £150,000 and a cash sum of £80,000. Could you advice which institution would be most suitable for this. Thank you for your free advice. 

Hilja McMahon


Afternoon Hilja, in response to your question I would need to get a bit more detail about what you’re trying to achieve before being too specific but I think you have 2 main issues.

Firstly is what is the trust looking to create, is it capital growth or income or a combination of the 2, for example is there some school or university fees which need to be paid?

Secondly would depend a bit on the first one but would be your attitude to risk, there are lots of types of risk from inflationary, to investment to shortfall to name a few and this would have an influence on the cash side of things.

Also there is the issue of the discretionary trust, some providers of investments may do this free of charge if you do the investment with their company, or you may need to pay a legally qualified person such as a solicitor to help with the wording.

I am more than happy to help in all these areas and have the necessary legal colleagues which would be able to help, but I would need to get some more specifics to see which way would be the most appropriate for you, please find enclosed my contact details, regards, Steve

Steve Weisner Cert PFS, BSc (hons)
Independent Financial Adviser
Radcliffe & Newlands
5th Floor Crystal Gate,
28-30 Worship Street,
London EC2A 2AH

Tel  020 73820437  

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Interesting Fact

Child Tax Exempt Savings Plans (TESPs) are an efficient and simple way to save for your child, and Shepherds Young Saver Plan lets you put away more per month than any other TESP.

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