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Running a Trust

Hi everyone
Do you have any experience of running a Trust you can share with me.?
My mother who was my brother's carer passed away last year and left her house and some shares in her will to A Discretionary trust.
I'm the trustee of this trust and my brother is the beneficiary, we have just gotten probate, and now I need to work out what I do and dont put in the trust. to provide for my brother.
Do you have any suggestions on how best I can fund things for my brother?
Any tip for not paying too much tax. Trusts seem to be a minefield?
Any suggestions for a good Solicitor or Accountant who is experienced in running trusts for a vulnerable adult? I have a solicitor but they are not experienced enough and I'm going to change.
Thanks
James
Do you have any experience of running a Trust you can share with me.?
My mother who was my brother's carer passed away last year and left her house and some shares in her will to A Discretionary trust.
I'm the trustee of this trust and my brother is the beneficiary, we have just gotten probate, and now I need to work out what I do and dont put in the trust. to provide for my brother.
Do you have any suggestions on how best I can fund things for my brother?
Any tip for not paying too much tax. Trusts seem to be a minefield?
Any suggestions for a good Solicitor or Accountant who is experienced in running trusts for a vulnerable adult? I have a solicitor but they are not experienced enough and I'm going to change.
Thanks
James
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Replies
I dont really know who to signpost you to for help
Maybe CAB could help
I hope other members will be able to give you more advice
Alternatively you can jot down all the costs on a empty blank Word document and print off two copies each week. Make a note of what goes in and comes out of your main bank account too. Colour code finances, for example medical expenses blue, school related fees are in red, yellow denotes childcare fees, and green is for all the other stuff like new furniture. That way you can monitor your expenditure.
See what the monthly trends are and so on. Store all important finance paperwork in a lockable safe for your peace of mind. Always make double copies in the event of a unwanted robbery or power failure. Best of luck.