Hosted on MSN

Families rush to set up trusts to cut inheritance tax: How they work and why the wealthy use them

The number of people using trusts to manage their money is rising, analysis shows. According to a Freedom of Information request by RBC Wealth Management, the Trust Registration Service received a ...
Hosted on MSN

Families rush to set up trusts to cut inheritance tax: How they work and who should consider one

The number of people using trusts to manage their money is rising, analysis shows. According to a Freedom of Information request by RBC Wealth Management, the Trust Registration Service received a ...

Government chatbot (reluctantly) helps users avoid tax

Labour’s new “plain-speaking” AI chatbot has been caught giving advice to users on how to avoid paying tax. The government app was launched this month to answer questions ab ...

Wealthy families using ‘risky’ tax trick to avoid death duties

Labour’s tax policies have pushed wealthy families to adopt an increasingly “risky” approach to avoiding death duties, ...

Generous gifts to avoid inheritance tax can backfire if your children get divorced, lawyers warn

Law firm Hodge Jones & Allen says it is seeing increasing numbers of parents who regret gifts, particularly large sums of money or property.
AOL

Trust Fund vs. Inheritance: Which Is Better for Beneficiaries?

When it comes to estate planning, families often wonder whether it’s better to leave behind a trust fund or a traditional inheritance. Both options provide meaningful financial support. However, they ...
USA Today

No, estate and inheritance taxes are not the same. See who pays what

While Grim Reaper guides you to the afterlife, Uncle Sam will be escorting your heirs to the IRS. Death can be a tax-triggering event, with two in particular you should be aware of: the estate tax and ...