In 2002 £50000 was put into a Trust for 8 Grandchildren by my former wife, to be paid out when each of them reached age 25. March 2014 the money was divided up into £10000 lots.The two eldest were 25 and so had their 10000 each.Apparently 4 lots were put into individual accounts and the remaining 2 lots were put together to benefit the 2 youngest as they were only 18 last year. None of the Grandchildren have had a statement and have no idea what the trust was worth when it was split up last year.My former wife has given control of the Trust to her husband who has bullied her over how it is now run by him. none of the children like him and he is most difficult to deal with. He took over as a trustee in 2013 after the previous trustee moved to Ireland.
The two eldest have each received 10,000 in March 2014.August 2015 the third Grandchild will receive his money. That will leave 5 still under 25 years of age. Ages are two at 23 this year one at 24 Jan 2016 and the last two are 18 and 19. Stan
HI Clare the two eldest have received 10,000 in March 2014. August 2015 the third Grandchild will receive his money. That will leave 5 still under 25 years of age. Ages of the other 5 are two at 23 this year,one at 24 in Jan2016 and the last two are 18 and 19 Stan