I have a trust account setup where I am the sole Beneficiary . There are two trustee's and I am one of them. I have setup a account to invest in crowd funding via the trust.
The crowdfunding platform have verified the account and set in up in the name of the trust.
I wanted to invest today in a certain investment. I picked the investment then I need to transfer the funds.
I my trustee one and my mum trustee two went in branch and instead of sending the funds straight from the trust bank account to trust investment account. She transferred money to my sole account the beneficiary and then to the trust investment .
This is obviously wrong as the money should of went direct from trust account.
Is there any complications what could come of this ?
Thanks
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