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Trusts for Bereaved Minors

The Finance Act 2006 introduced a new category of “trusts for bereaved minors”.

A trust of this kind can generally only be set up under:

  • the Will (or intestacy) of a deceased parent, including where this is deemed to have happened – for example, following a Deed of Variation; or
  • the Criminal Injuries Compensation Scheme.

A bereaved minor is a person who has not yet reached age 18 and at least one of whose parents has died. Parent can include a step-parent or a person who, immediately before their death, had parental responsibility for the minor.  It is possible, though, for a trust of this sort to be set up under the intestacy of a grandparent, great grandparent etc.

Learn more about Fixed Fee Trusts with our Trust FAQs.

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