Trusts may be created as a lifetime trust or as a trust contained in a Will.
Trusts have been subject to attack by successive governments and the tax regime surrounding the creation and administration of trusts is complex.
If you have surplus income, or wish to give away an asset without the beneficiary having complete control over it, it may be possible to use a trust or trusts to facilitate this.
Trusts can also be used to pay death in service benefits to a spouse and for a variety of other purposes.
Trusts have been mis-sold by salesmen who know very little about them but advocate that they will save inheritance tax or capital gains tax or protect clients from divorce or care home fees.
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