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Using a discretionary...

12 July 2018

1 min read

Using a discretionary trust to help grandchildren

David and Myriam have three adult children, Jason, Kathleen and Ciara. Jason had a son last year and he is currently their only grandchild; however, Ciara is pregnant and due any day now.

Freddie Cleworth
Freddie Cleworth,

Chartered Wealth Manager

David and Myriam wish to set aside £100,000 for the benefit of their grandchildren, but would prefer to wait until they have at least left university before they receive this money.

They could set up a Discretionary Trust and be the trustees, so this money can be used to retain control of how it is invested and when/how much they wish to give to each grandchild. Anyone can be listed as trustees, so Jason and Ciara could be listed as trustees and Kathleen could be added as an additional trustee if she has children in the future.

Freddie Cleworth

Freddie Cleworth


Chartered Wealth Manager

Freddie is a Chartered Wealth Manager. He joined EQ in 2015 having gained experienced in a variety of roles within larger financial organisations. He provides advice and financial planning for a wide range of clients, and is a strong advocate for technological innovation within personal finance. Away from the office Freddie enjoys cooking, reading, and keeping fit.

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