Legacy in trust til 18

[StiffyByngsDogBartholomew]

Dd has been left a significant amount of money. She is 14 in a couple of weeks.
what happens in relation to the arrangement of the trust and the investments ? Will this simply be for the trustees to decide or will I get input into how I would like to invest it ?

Also what happens over the payment of interest, will that decision be made by the trust or will we get to have some input ? I have done a bit of research into the interest and it would appear that even if the original gift is held, interest or part of the interest could be paid. This would pay for driving lessons and a car when she is 17 plus it would also be nice for her to maybe be allowed £1k of the interest a year to go towards holidays or school trips (as she's now got way more savings than us haha)

I know that I will eventually get told all this but I only had first contact from the solicitors yesterday and he died in July so I'm interested to know. My dad said it's none of my business and to butt out of it but I think he's just got thr hump because uncle didn't leave him in charge of it all !

Roughly what sort of sum? Tens or hundreds of thousands

What does the will say about Powers of the Trustees?

Is the amount left to her in investments or are we talking about cash?

Around £100k. Unfortunately my dad tore up the copy of the will in a temper as my uncle didn't leave him the rolex watch he wanted 🙄 so I can't recall the terms of the trust. There were a couple of cash bequests and then she is the residual beneficiary of his estate once a lifetime mortgage and death costs are paid.

Happily, your Father is not the executor!!

As you mention solicitors I would expect them to be able to provide another copy of the will and explain in layman's terms exactly what the terms of the trust are. Given her age I'd expect them to engage with her but through you and any other parent as her guardians.

If it's cash and the intention is to pay it to her in full at 18 then I don't think there's much option investment wise than the best interest rate available for deposits.

That's absolutely ok, I saw a high paying account with 90 day access at 5.4% so I wondered if it would be something that I would be able to suggest. Don't want anything complex that will cost lots to manage.
Thankyou :)