I was hoping to talk with Joshua again with regards to an

Hello again and thank you for your question. I will be very pleased to assist you. I'm a practising lawyer in England with over 15 years’ experience. Please be aware that although I will endeavour to reply to you promptly, I am also in full time private practice and so I may not be available to respond immediately and it may also take me a few minutes to prepare a reply. The site will notify you as soon as I respond. I look forward to working with you to answer your question fully.

Do you have any further information you are able to provide me in respect of the above please?

I'm following up on the above. Without some further information from you as above, I am limited in what I can say on the matter but in the hope it is helpful nonetheless, I will provide you with the following broad answer. If you are able to kindly provide me with the above further information or if you have any further questions generally, I will be delighted to expand on the following - please just reply back to me in this case:

Notwithstanding the above, in general terms according to the advice received of your solicitors, they are recommending that a new UK resident trustee is appointed in place of the foreign domiciled trustee on the basis that this may make it easier to subsequently open a UK based trust accounts.

You can consider this advice and if you decide to run with it, the solicitors will need to prepare the appropriate deed of retirement and appointment which we need to be signed by the existing trustees and any proposed incoming trustee.

Naturally, trustees have a considerable degree of control in terms of the trust fund itself and accordingly, the new trustee appointed should be a suitable and trusted person

Is the trust a bare trust or a discretionary trust?

Have you considered the existing trustees - is this you and your sister - simply consider having the other trustee retire and provide the solicitors with an indemnity instructing them to release the monies to you.

Assuming you have your daughters interests at heart which I am certain you do you can then simply manage the money on your own. Many people choose not to mention that the mkeny is a trust to a bank and just open the account as if it is in their own name which gives access to a wider range of options. Trust accounts can be awkward

I trust the above answers all your questions for now. If you have any follow up questions please do reply back to me.

The nature of banks questions will vary from one bank to another and typically, there is not a request for significant amount of details. obviously, you should not make a false statement but as a trustee, you are a legal owner of the assets, and therefore it is usually relatively straightforward to answer the relatively generic questions banks may ask without making a false statement.

In terms of tax, to the extent the trust earns income or makes gains in excess of tax allowances, your daughter would need to submit a personal self-assessment tax return in this respect