Can Debentures be held in a trust for a child?
You may be able to set up a trust account for a child using a bare trust arrangement.
This arrangement gives the beneficiary an immediate and absolute right to both the capital and income held in the trust. It also requires two trustees.
If setting up a trust arrangement is something you would like to pursue, or if you already have a bare trust and would like to invest in it through Abundance, please contact our customer services team. We have special procedures and draft forms we can supply, but you will need to obtain your own legal and tax advice when completing the forms to decide whether the arrangement is suitable for you. We are unable to give advice on trusts or the tax implications associated with them.