My Grandad sadly passed away in February this year and my Mum told me that before he died he spoke with a financial adviser and set up a trust fund for me. My mum told me that the trust fund is in her name but she cannot take any money out or put any money in and that when she dies the money will belong to me. I am really confused with this, I think that the trust fund is a really lovely thing to do and I don't mind going through a group of trustees to request money, but the problem I do have is the condition that I can only have the money if my mam dies and I don't understand why it is in her name but she cannot use it.
I am 35 years old, and the trust fund was not on the will this was set up privately with a financial advisor after he made his will
Thank you very much for your help, you have given me things to think about as I am going to have to find out more information about the trust etc
If its okay to finish off and I will go and to some research.
Thanks for your input