Keeping an inheritance secret
I read about an interesting problem recently, where a grandmother asked if she can keep her granddaughter's £12,500 inheritance a secret until the girl reaches the age of 18.
The executors of the will have stipulated that a trust fund must be set up and that the lady is to be one of the trustees.
I'm not entirely sure why she didn't want her granddaughter to know about the money as, at the age of 13, she is too young to access the funds until the stated age of 18. However, there is no law which states the girl must be informed of her forthcoming inheritance before she is able to access the money herself.
What the grandmother must be aware of however, is that this money must be protected in the eyes of the law, and so she may be limited in her choice of trust funds, as financial risk will be factored in by many financial providers.
If you have been asked to set up a trust fund for a minor, or to invest an inheritance in any other way, please do seek the advice of a professional before committing any funds.