The deceased has a left nil rate band discretionary trust in his will. The Interest income of this Trust will be for the benefit of his children
What is the procedure for operating a trust/ Do we need to set up a trust deed again OR is the Will Trust sufficient. We want to open a bank account to deposit the £325k. Will the banks want to see the sight of the Will or Trust
We see a lot of NRB trusts in will but I am trying to understand the practical ways of administrating the NRB Trust. I understand we will have to register the trust with HMRC
Many Thanks
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