Trusts come in many shapes and sizes, and they all appoint Trustees who have a legal responsibility to act in the best interests of their beneficiaries. The role of Trustee is the most important role within a Trust and carries with it several responsibilities. This can often involve some form of banking and financial management covered in the Trustee Act 2000.
If you are a Trustee and have this responsibility, you will probably need to make sure that you have a Trustee Bank Account set up. You might also need to set up a Trustee Investment Accounts.
As there are a number of different banks offering a variety of Trustees banking facilities, part of the service Simpson Financial Services offer is to help advise you about how to choose the account most suited to the Trust's requirements. This means taking into consideration the plethora of different features, ranging from interest rate levels and services to the complications you may incur when setting them up or making account changes.
For Trustees investments, the list might be endless. It depends what is and isn't permitted as per the Trust Deed, which makes obtaining professional and impartial financial advice essential.
Simpson Financial Services have had many years advising and helping Trustees with their responsibilities, ranging from investing to banking and financial management. If you are a Trustee and need our help or guidance, please contact us in confidence by filling in the form, or telephone 0845 0179 578 or email firstname.lastname@example.org.
If you are already a Trustee you will probably have already set up a Trustee bank account.
We always recommend that you obtain expert, professional financial advice before using your powers of investment, especially if the Trust fund is large.
To discuss how we could help you carry out your responsibilities, please telephone 0845 0179 578 or email email@example.com.
For more information please download our brochure.