Discretionary Trust Help!

[Lamot]

Hi, I am in the process of setting up a discretionary trust as created by my late father's will. I have set this up with the inland revenue, but am unsure as to how to go about investing the capital in an appropriate vehicle, as I believe there are restrictions on what the trust can and cannot be invested in. I have had a Deed of Appointment prepared by a solicitor, and on this it simply refers to the capital investment in a bank account. How does one go about the next step and invest the money whilst ensuring that this remains within the Trust? Many thanks.

[Ian McTernan CTA]

Dependent on the amount of money involved in the trust, I would suggest that you employ a trst adviser to help you administer the trust, as if anything is done incorrectly then you can be held personally liable for any losses.

Ian McTernan CTA
McTernan Associates Ltd
Chartered Tax Advisers
ian@imcternan.com