Understanding trusts

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Jeremy Pearson discusses the pros and cons of choosing trusts

Do you feel the general public is now more aware of the need to make inheritance tax provisions? Yes, they are, but you have to have a lot of patience before they do anything about it! Estate planning business has always had a long lead time and the recent change that allows the transfer of nil rate bands and the recent drop in property and stockmarket values has seemingly extended this. Given the recent improvement in discounted gift trust discounts, hopefully estate planning will be being promoted more heavily by financial advisers. The key factor in increased awareness is through pre...

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