The tax rules for lifetime trusts скачать в хорошем качестве

The tax rules for lifetime trusts

Lifetime trusts are intended to preserve your assets for beneficiaries until after you die. Lifetime trusts started out as a popular way to reduce the tax bill on assets you leave to your children or grandchildren after your death, but changes in the tax laws mean that’s no longer the case. Despite being marketed as ‘asset protection trusts’ or ‘family protection trusts’, assets in a lifetime trust are still subject to income tax, Inheritance tax and capital gains tax. This video explains the tax rules and when a lifetime trust can be beneficial. Useful links: STEP – the Society of Trust and Estate Planners: https://www.step.org/ The Association of Corporate Trustees (Tact): https://www.tactweb.org/ Other videos you might like: Asset Protection Trusts and paying for care -    • Asset Protection Trusts and paying for care   What counts as deliberate deprivation of assets when paying for care?    • What counts as deliberate deprivation of a...   ----------------- 📗 Buy my new book: The Retirement Café Handbook – Nine Accelerators for a Successful Retirement: https://amzn.to/3Q686I8 Thanks for checking out my YouTube channel - I’m Justin King and my aim is to help people to live successful lives. That often involves understanding your money. If you enjoy this video, please press the like button to help more people like you find my channel. If you're planning your retirement and want to make the best use of your wealth to provide for your family throughout retirement and beyond, or work out how best to pay for a loved one’s care, I may be able to help you. As a Chartered Financial Planner at boutique retirement planning practice, MFP Wealth Management, I help successful people retire with complete confidence. To explore whether I could help you, get in touch at https://www.mfpwealthmanagement.co.uk. Get my weekly newsletter: https://bit.ly/MFPnews Check out my podcast: https://www.theretirementcafe.co.uk/ Connect with me: On Twitter:   / justinkingcfp   On LinkedIn:   / justinking-online-retirement-planner-ifa   This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!