Many Financial advisers fail to put policies “in trust” thereby compounding clients financial problems rather than alleviating them.
Trusts have been instrumental in controlling vast amounts of wealth for years.
Trusts are still considered an important tax-planning tool. With the correct structure, a trust can offer tax planning and wealth preservation’s solutions ensuring that you can preserve your family’s wealth, and help to reduce UK families’ exposure to Inheritance Tax (Death Duties).
There are many reasons for writing a policy in trust but a key one is that a trust can be used to preserve wealth for future generations. By placing assets in trust, the creator of the trust (the settler) can provide a degree of financial security for the immediate family and beyond.
