Good morning,
I want to buy equal premium bonds for 4 young grandchildren instead of leaving a legacy for each of them to receive at 21yrs in my Will.
If I open an account in each of their names, then on turning 21yrs, the possibility of prizes could make their gifts unequal. Therefore, can I create an account in the name of my Will's Trustee who would share the total balance equally between the 4 children at around 21yrs? I want to use my Annual Exemption Allowance of £3,000 p/a to do this.
Any advice you can give will be much appreciated.
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