Financial Planning with Trusts

Publisher: Claritax Books; paperback 402 pages

Trusts are an essential ingredient of estate planning for very wealthy families – but their use is widespread and they are promoted routinely by the financial services sector for such matters as diverse as avoiding the need for probate giving away capital while retaining access to income life assurance protection pension plans and reducing the costs of care for the elderly.

It is not just the estate planning specialist who needs to understand how trusts work and the best choice of trust to meet a particular circumstance.

Most clients will at some time or other be approached by someone suggesting that a trust is the best solution to a problem.

The adviser needs be able to discuss the use of trusts as a potential planning tool to safeguard the client’s wealth or interests or perhaps those of...