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Child inheritance

26 replies

Idroppedthescrewinthetuna · 09/04/2022 13:37

Hi all. I am so lost.
My ex partner died last year. He left no will.
My DD (14) will be inheriting circa 70k.
I have no idea how where this money can go. She has a bank account but she cannot have access to this money.
Everywhere I go, the banks say they do not do trust accounts.
Can anybody help me.
I am unable to afford a solicitor.

OP posts:
Starface · 10/04/2022 18:11

Oh and, read what Martin Lewis has to say about uni loans. Take the max loan and don't spend this money paying uni fees. It's a bit of a financial mirage, that debt. He is always sound on this.

Though you could very reasonably use some of the money for e.g. rent deposits or even a few thousand for travelling if she wants to. Balancing needs in the here and now with needs in the future.

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