Legal considerations

Investing for children – what are the legal issues?

The following information is given for general guidance only. For more detailed information on the legal implications of investing for children we suggest you speak to a qualified adviser. The Society of Trust and Estate Practitioners can recommend one near you. Contact them at www.step.org.

Legal considerations

  • A Junior Investment Account can operate as a Bare Trust, with any money and investments held in trust for the child until aged 18
  • Bare Trust status helps avoid any doubt over the ownership of the account's assets
  • Once placed into the trust, assets are immediately held to the order of the beneficiary
  • As trustee for the child, you must act only in the interests of the child. In practice, therefore, you might need to show that investment decisions and, in particular any withdrawals, are made with these interests in mind

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