Can Trusts Help Estate Planning*
In the past, Trusts were thought to be only for wealthy people, with significant estates, however, with increasing house prices alone, many people now consider looking at the use of Trusts as a means of mitigating Tax when passing over assets.
Whether you own your own business and your concern is Corporation Tax, you own property or hold other forms of assets which would may be liable to Capital Gains Tax, or if you believe that Inheritance Tax may will become an issue for your intended Beneficiaries, it may be that you should consider the use of Trusts in your estate planning alongside your Will.
These issues and estate planning work in conjunction with the writing of your Will. Real Life Legacy can help you with separate discussion or provide appointments to discuss these other topics.
NB* We recommend that you watch the two minute Trusts, Know How video for further understanding.