A trust may be used to hold assets away from the ownership of the previous owner for a variety of reasons:
- To enable a gift to be made without the giver being entirely sure who the recipient will be.
- To transfer assets for the benefit of a young person to use when they are older.
- To deal with arrangements which may have beneficial tax implications in the long term.
We advise on trust solutions which may result in a saving of inheritance tax or capital gains tax.
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