Creating A Trust – When Is It Worth It?

The creation of a lifetime trust, in times past, was revered as a sensible structure to shelter assets from the unstoppable tide of inheritance tax ("IHT"). Historically, certain trusts achieved favourable IHT advantages and allowed families to preserve family wealth and filter it down through the generations. However, Trust law has changed considerably over the years, with the result being that creating a Trust during lifetime is now significantly less favourable than it once was.

In this short guide to trusts, we'll look at the advantages and disadvantages of creating a trust. Once equipped with this knowledge, you'll be in a position to make an informed decision whether it's the right option for you or not.