Trusts
Placing your wealth into trust is a popular method of minimising your Inheritance Tax liability. Money placed in trust falls outside of your estate and, subject to conditions, will not count towards your Inheritance Tax bill upon your death.
Trusts can also be used to provide for your partner whilst keeping your estate intact for your children and can also hold assets on behalf of a child until they reach the age of 18 allowing the money to be invested effectively until the child is legally old enough to take care of it.
Due to the complicated rules associated with trusts, it is important to seek professional advice before setting up a trust. As part of our financial planning process, we can recommend the right type of trusts suitable for your personal situation and work with the relevant legal professionals to minimise the administrative burden of putting it in place.
GOT ANY QUESTIONS? JUST CALL US ON 0117 907 1965
Back to estate planning