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Scottish Trust Deed Forum
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Topic starter
04/03/2014 12:29 pm
Hi, is it possible to buy shares whilst in a Trust Deed?
04/03/2014 12:46 pm
Hi clarem
Yes, however your Trustee may claim an interest in the value of these.
Unfortunately it is another one of those grey areas which would need the agreement of the trustee. In one scenario you could have your income and expenditure agreed and decide to cut back on something to save money which should be fine, however if the money was used to buy shares, then that may not, when in fact it is pretty much the same thing.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.