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A trust is a helpful instrument for asset protection and to give you flexibility in how you handle your finances, in addition to assisting in lowering the inheritance tax you and your beneficiaries will pay. Nevertheless, it is wise to seek counsel before...
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Trusts can be utilised in a variety of contexts. In general, they're a helpful tool for tax planning, keeping things as straightforward as possible when it comes to managing assets throughout your lifetime and handling your estate after your passing.
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The trustees are required by law to take care of and administer the trust's assets on behalf of the final beneficiary in the inheritance tax planning trusts process.
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Because of how trusts are taxed, they may also be helpful in lowering the amount of inheritance tax that must be paid. The regulations governing trusts and inheritance tax, however, are intricate, and you can end yourself paying more.
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