Trust Fund for Inheritance

[Laughingman21]

I'm an executor for my late aunt estate and one of the last things I need to do is find a good place to put the inheritance of two beneficiaries under the age of 18. It will be in a trust so they won't be able to touch it for a number of years and I want to make the investment and then be able to forget about it knowing I've put their money in a safe place.

I was thinking of putting it into a fund of some sort. So far, I've ruled out any managed funds as I don't want to have to monitor the fund managers performance, but after that, I'm flat out of ideas. The best I can think of is put to it in a FTSE tracker.

Has anyone got any better suggestions?

[Siscar]

Much depends on how much you are talking about and how long it's likely to be.

[HootersGsy]

The question you need to answer is are you after capital protection or capital growth? In addition to siscar's questions of course.

As the trustee (assuming you're taking that role) you need to carefully think about this as you don't want disagreements later on if the capital has been eroded away or if the growth wasn't as good as it could have been. So I'd be careful about an invest and leave it alone strategy.

[pacoryan]

Are you aware of the obligations and duties of a Trustee under the Trustee Act 2000?

Unless you can evidence significant investment experience you should be able to evidence that you have sought professional advice.
Trustees are responsible for their actions and can be held liable for any shortfall in future value that arises because professional advice was not sought.

Obtaining documented advice from a professional makes a lot of sense.