Trusts can be a useful way of maintaining an element of control over what happens to your assets when you die. They can also, if used correctly, be a good way to reduce your inheritance tax. In this blog we look at what trusts are and how they work, some of the different types of trust, calculating tax on trusts and getting the right advice. The rules surrounding inheritance tax planning are complex, and so it’s best to get tailored advice before deciding what’s right for you.
