The Pros And Cons Of Setting Up A Trust To Reduce IHT In The UK
Effective death tax planning in the UK requires understanding inheritance tax (IHT) and trusts. Trusts, like Discretionary and Interest in Possession Trusts, can reduce IHT from 40% to 26% if the settlor survives 7 years. Savings depend on property value....
Understanding Trusts in the UK
Trusts are crucial in UK financial planning, featuring various types like discretionary, interest in possession, and charitable trusts. Establishing a trust involves selecting a type, legal consultation, drafting, asset transfer, and ongoing management, offering versatile financial tools for security and...
