Not-so-small inheritance for the kids

You are here : Member Forums General Discussion Not-so-small inheritance for the kids
This topic has been locked as no posts have been made within the last 90 days.
B
BBKing
25 Posts
6 Thanks

I wonder if anyone has been in a similar position and wouldn't mind sharing their experiences please.

I've 2 kids not quite old enough to own property - which I believe is 18 years old? They've received a sum from grandparents which they are not aware of yet, (I got nothing! - I hope it's not the start of a generation-skipping trend). I was told, by their grandparents to "invest it carefully for them".

Despite the growing pressures on landlords I still think property is a decent investment (I'm in a nice part of the North of England). So question is, how can I invest their money in a property since they are both under 18? I was thinking perhaps setting up a limited company in which I could let them own shares to the value of their portion. So lets say I issue 6 share in the company of which they both own 1 share each? (a sixth each would probably be the split, I would fund the rest in cash, so no borrowing). So they would not be directors, but shareholders only? Would that work?

I'm a reasonably experience landlord, carry out most refurb work myself (people tell me my work is of a very high standard (blush!) and I manage my properties myself. Your thoughts would be appreciated. Thanks in advance.

20/10/2017 16:06

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Ideal Flatmate
Elfin Kitchens
Landlord Broadband
John Pye Auctions

Share this page