Is it possible to transfer money from someone in the UK into a trust fund set up for them in the US?

Question

My relative in the UK has become very ill and needs to transfer some money to me for safekeeping for some time, until he is well and can go back to work. Is there a way to do this without incurring taxes to him or myself, in the US or UK, and what is the best way to set up the transfer and the account? Who could I contact to do this?

Answer 1

What's all this "transfer...for safekeeping" business?

Sounds like you are trying to hide funds from creditors or something like that.

If everything was above board, why not just keep the money in a bank account in his name in the UK?

If I can spot that from just this, the relevant authorities will see right through whatever scheme it is you're trying to hatch.