inheritance

[supernanny]

Nine years ago my grandmother died and left my three children some money in her will, which they were to get when they reached 25 years old. The executor of her will is her solicitor, he decided to bank some of the money and put the rest in savings bonds, that was nearly nine years ago and my children have heard nothing from him since, and were wondering if this is normal practice, also my eldest son will be 25 in January and has no idea how to go about claiming his inheritance, any advice would be appriciated.

[Barmaid]

It's quite normal - although I would have expected a prudent trustee to regularly review the investments to see how they were performing and let you have a statement say once every 2 years.

I would be inclined to approach the executor now and get him to tell your other children what their legacy is now worth and remind him that your eldest reaches his 25th in Jan.

[factor-fiction]

We are helpful on AB but the best place to start is to ask the executor/solicitor

[ad001]

Hi,

if the children were to get money when they were 25, the money was probably put in a trust fund. the trust fund has to have at least one trustee (perhaps the executor of the will). in any event, the trustee owes a duty of care to the beneficiaries (your children) and should only act in the best interests of the trust. s/he should have contacted you with an update every so often. get in touch with the solicitor asap.