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If you want to financially support your child, you need to read about the child trust fund (CTF) refers to long-term tax-free savings account for children in the UK. As mentioned here Gov.UK CTF is scheme is closed but you can apply in another scheme called Junior Individual Saving Accounts (ISA). As well as you can get legal advice from legal advisers, to protect your assets (money, land, investments, or buildings) Private Trust Company has highly experienced and qualified professionals with expertise in financial services and backgrounds in accountancy, law, trusts, and private client services.