Trust Account

Hi!

My mother recently passed away and left me and my girlfriend as trustees of my younger brother's part of the estate. She didn't want him to be able to access the funds until he turns 21 but wanted myself and my girlfriend to be able to withdraw funds for my brother in case of emergencies or if he needed part for college or other education, etc.

The sum of this share would be somewhere between 25,000 and 50,000 EUR.

What would be the best thing to do or where should I go to get advice about this?

Many thanks!

I think you should talk to the family solicitor about this. As trustees you have a responsibility to ensure that your brother's inheritance is invested properly. There may be restrictions on what you can or cannot invest in.

Thanks! I spoke with the solicitors office about this and this is the info I got:

In regards to the trust account you should set up a separate account in your name on Trust for B. As Trustees you can invest the money however you wish as long as it's in the best interest for B., and Trustees should be conservative with the funds.

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