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Inheriting share of ltd company

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    #11
    Originally posted by Martin at NixonWilliams View Post
    I am by no means an expert on this sort of thing but it is my understanding that the executor of the will would act as a trustee (or appoint somebody else) for the children until they reach 18 (or older if specified, up to 25).
    Normally one would specify executor and trustees were they required. Generally appoint somebody you know and trust. Do not appoint your solicitor unless charge scales are also specified. Do not appoint your bank. Unravelling an old friends inheritance I discovered the bank was charging 7% for executing what was a very simple estate.

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