A Bereaved Minor Trust is a trust created by a parent in their Will. It provides that the monies are held by the Trustees until the children attain the age of majority.
Certain statutory provisions allow the monies to be advanced earlier for the benefit of the minor. Advice should always be sought by the Trustees before doing this to ensure that they are complying with the terms of the Trust.
For more information on trusts please call us to arrange an appointment, or why not click the links below or download one of our helpful guides.
Alternatively, give us a call on 01302 341414 (Doncaster) and 0114 272 1884 (Sheffield) and our friendly team will be happy to have a chat with you.
There are numerous types of trust available, the most common types are: