As a practice, we have used Trusts in various ways to help our clients save Inheritance Tax. However we have found that on many occasions, trusts are not understood and often explanations are wrapped up in legal jargon. This often makes it worse so in our post in the link below here we try to help you understand what a trust is and how they work and dispel the myth they are for the older generation.
We have set up many different types of Trusts for our clients who want to speed up the payment of benefits, for business planning, for school fees planning, to vary a parents will after their death and to mitigate for Inheritance Tax by setting up a Trust during a client’s lifetime, amongst other reasons.
Read more….Creating Trusts