Trusts can be very useful in passing your estate to your loved ones and avoiding Inheritance Tax. However, for many, trusts are only used by rich people and therefore remain a mystery. The following article is a basic guide which will explain what trusts are, how they work and some of the advantages of using a trust. It will highlight how all people, rich or not, can make a huge difference for themselves and their loved ones if they use a trust correctly. This guide will explain how you can use trusts to make gifts to children and loved ones during your life, as well as how to use a trust to protect your family assets from attack by third parties.

Disclaimer: This video is intended as general guidance only and does NOT constitute accountancy, tax, financial, investment or other professional advice. The author makes no representations or warranties with respect to the accuracy or completeness of this publication and cannot accept any responsibility or liability for any loss or risk, personal or otherwise, which may arise, directly or indirectly, from reliance on information contained in this publication.

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tags: #AvoidIHT #Estateplanning #IHTplanning #Inheritancetaxplanning #hmrciht

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