Using a Bare Trust to Avoid Inheritance Tax
Up until now, it has been relatively unusual for people to use Bare Trusts, as discretionary trust offer the trustees significantly more control over the trust assets.
However, Bare Trusts are likely to make a comeback as the total value of Discretionary Trusts settled in a lifetime or on death is liable to a potential income tax charge on the tenth anniversary.
How Do The Rich Avoid Inheritance Tax – 5 Simple Methods
When you pass away, you will probably want your estate to be transferred on to your children. Paying Inheritance Tax will significantly reduce the assets that they will end up receiving. Here are some ways of ensuring your children, and not the taxman, will benefit from your assets when you die.(more…)