Trusts and Inheritance Tax Planning: A Priority for Any Responsible Estate Owner

Sami Torres25 Feb, 2025Other

Pilot trusts are used to distribute assets to multiple beneficiaries, while discretionary trusts don’t give beneficiaries absolute rights to the estate assets and are also subjected to a 6% tax every decade for estate values that exceed the IHT maximum threshold. What option is appropriate for your situation will depend on multiple factors that will need to be considered by the trust company you employ. That said, when it comes to IHT avoidance, trusts are the best tool to reduce our descendant’s financial obligations.