Trusts are widely used in inheritance tax planning because they allow individuals to control how their assets are managed and distributed. A trust involves transferring assets to a trustee who manages them on behalf of beneficiaries. These structures can provide tax benefits, protect assets from legal disputes, and ensure long-term financial management.

There are many types of trusts, each serving different purposes. Some trusts offer immediate tax advantages, while others focus on long-term protection. The flexibility of trusts makes them suitable for families with specific needs, such as caring for minors or individuals with disabilities.

Although trusts require proper setup and ongoing management, they offer significant advantages when used correctly. With professional guidance, they can become a central component of a strong inheritance tax planning strategy.

Inheritance tax advice