3. Trusts and Tax

Trusts can be useful tools in a variety of situations. If you have explored different ways of providing for the future of your loved ones, you will have undoubtedly come across trusts

Understanding how inheritance tax works can help you take steps to reduce the amount that your estate may have to pay.

Discretionary domicile is a concept used by the courts to determine which country’s tax laws should apply to individuals with links to more than one country.

If you have received an inheritance in a Will but believe it would be better if it went to someone else instead, you can surrender your share by making a Deed of Variation.

Trustees and personal representatives of certain estates face new obligations under the new registration service.

There are many challenges to face if you have been seriously injured
in an accident. Besides working to get your life back on track,
difficulties can arise from taking legal action for compensation.

A discretionary trust is a flexible trust under which no beneficiary has an automatic right to receive assets.

You can reduce the amount of inheritance tax that is payable by making the most of various tax-saving provisions. One of these provisions is the Residence Nil Rate Band (RNRB).