How to pass on wealth to the next generation.
There are many ways to reduce or eliminate the inheritance tax
payable on your estate without using trusts.
But for some, especially if you are very wealthy, they may not be
enough. For others, the control that trusts give over who benefits
from your wealth, and how, is vital for estate planning.
This update explores:
• What is a trust?
• Main types of trust
• Tax-planning scenarios
• Bare trusts
• Discretionary trusts
• Taxing discretionary trusts