Trusts have a long history of use in planning, not just tax planning. They underpin many structures such as charities and pension schemes which have no tax planning motives. A trust can give more flexibility in distributing family wealth among the family members and can be used to protect beneficiaries from claims from creditors. They are important tax planning considerations in setting up a trust but this does not necessarily make them aggressive tax planning vehicles.
To find out more, call us on +44(0)330 024 3200 and speak to one of our estates and trusts experts.