We are all somewhat used to living with economic doom and gloom at present, from sky-high inflation rates to tax rises being splashed across the news headlines. But recent analysis from the Office of Budget Responsibility shows that you may also get stung harder after you are gone.
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Coronavirus has many people reflecting on their own mortality. So if you have more time on your hands during the lockdown, planning your estate may be a wise way to spend it.
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There are many ways to reduce or eliminate the inheritance tax
payable on your estate without using trusts.
But for some, especially if you are very wealthy, they may not be
enough. For others, the control that trusts give over who benefits
from your wealth, and how, is vital for estate planning.
