Families trying to avoid inheritance tax by using trusts face upfront charges if they fail to set them up before the rules ...
The Trust Registration Service received a flurry of filings last January, the most recent period for which data is available.
A living trust allows you to avoid the probate process. Unlike a will, the public record doesn't include information about a living trust. Living trusts can be changed or revoked entirely while you're ...
A family trust can provide a structured plan for distributing assets, avoiding probate and distributing timely inheritance for beneficiaries. It can also offer tax benefits by potentially lowering the ...
The biggest inheritance tax advantages comes from a simple seven-year rule. According to the government, if the person setting up the trust lives for at least seven years after transferring the assets ...
More families are setting up trusts to avoid paying inheritance tax, figures from HMRC suggest.