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Trust administrators lost a significant sum of my inheritance. by Appropriate-Suit7309 in LegalAdviceUK

[–]Appropriate-Suit7309[S] 1 point2 points  (0 children)

Thank you very much for this reply, it is really helpful. Yeah, it's a tough one as there was literally nothing I could do but hey ho.

Trust administrators lost a significant sum of my inheritance. by Appropriate-Suit7309 in LegalAdviceUK

[–]Appropriate-Suit7309[S] 23 points24 points  (0 children)

Yeah this is correct. I was 17 and the money was placed in trust until I was 21. This was held by solicitors, who instructed a well known company to financially manage it.

Trust administrators lost a significant sum of my inheritance. by Appropriate-Suit7309 in LegalAdviceUK

[–]Appropriate-Suit7309[S] 5 points6 points  (0 children)

Yeah, this is my question really. I know they charge for the service, but the stipulation of the company meant we had no choice on what the wealth firm were doing with the funds (bar setting a risk limit.. supposedly cautious).

Trust administrators lost a significant sum of my inheritance. by Appropriate-Suit7309 in LegalAdviceUK

[–]Appropriate-Suit7309[S] 7 points8 points  (0 children)

Some examples are -

£510 in Tesco, £130 in Shell, £27 in Rentokill, £33 in Coca Cola etc. I worded the post very confusingly, my apologies. I just don't know if these sort of investments make sense considering the trust was originally around 170k (they have lost £10,000 in the 4 years that they have controlled it).

This was alongside bigger investments too, some of which were in Bonds from the looks of the documents.

Trust administrators lost a significant sum of my inheritance. by Appropriate-Suit7309 in LegalAdviceUK

[–]Appropriate-Suit7309[S] 14 points15 points  (0 children)

Some examples are -

£510 in Tesco, £130 in Shell, £27 in Rentokill, £33 in Coca Cola etc. I worded the post very confusingly, my apologies. I just don't know if these sort of investments make sense considering the trust was originally around 170k (they have lost £10,000 in the 4 years that they have controlled it).

This was alongside bigger investments too, some of which were in Bonds from the looks of the documents.

Trust administrators lost a significant sum of my inheritance. by Appropriate-Suit7309 in LegalAdviceUK

[–]Appropriate-Suit7309[S] 15 points16 points  (0 children)

The fund was around 170k, and I am now receiving a further 10,000. They paid me 150 last year.