Do you have a will? Or a will trust, or a family trust? Do you really understand its tax implications? And if you don’t have a will, do you fully appreciate the implications for those you may leave behind? Research from Macmillan Cancer Support reveals 63% of UK residents do not have a will. […]
Trusts have been used as effective inheritance tax planning tools for generations. It is beneficial to consider the current landscape for using trusts and the available options that worthwhile considering for tax planning purposes.
An FIC can be used as an alternative to a family trust or individual ownership and is an effective consideration for inheritance tax planning purposes.