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Trust Fund Bank Accounts Are Dead

PostPosted: Tue Jan 09, 2018 1:09 pm
by musashi
Lloyds will no longer be opening bank accounts for trust funds; no more cheque books will be issued for existing trust funds and no more cash cards either.
Musashi.

Re: Trust Fund Bank Accounts Are Dead

PostPosted: Tue Jan 16, 2018 12:10 pm
by iamani
Hi musashi

Thanks for the heads-up, trust is a subject i'm trying to understand enough to protect my parents property.

Don't suppose you could recommend a good place to get good up to date info to supplement that which is posted here?

Cheers

Re: Trust Fund Bank Accounts Are Dead

PostPosted: Fri Jan 19, 2018 6:09 pm
by musashi
I have said it before – all it takes is for one freeman to splash out five hundred quid and get a real trust set up. That one can then set up trusts for any number of others and recoup his outlay in no time.
A syndicate might also be set up where many contribute a little, everyone in it gets a trust, and many others could be charged a small fee to take part. Easy peasy.

Musashi.

ps. The philosoper psychologist in me suggests the following Wittgenstein comment:
"Don't look for the meaning of a thing - look for the use of it."

Of course, once you have the trust document in your hot little hands you may study it to your heart's content and, perhaps, find meaning.