Setting up a Trust can be an effective way to mitigate Inheritance Tax (IHT), as assets held in Trust are typically outside of an individual’s estate. This means that the assets in the Trust are not subject to IHT when the individual dies.
There are a number of Trusts that can be used as part of your estate planning, to help you pass your assets on to your loved ones in the most tax efficient way possible, but to identify the structure that would work best for you and your beneficiaries, one of our qualified advisors can discuss your specific circumstances and goals with you as part of an initial consultation.