Displaying articles by tag: pros and cons of trusts

Diddly Squat? IHT, Trusts & Clarkson’s Farm

“People like me will simply put it in a Trust and, as long as I live for seven years, that’s fine.” Jeremy Clarkson So said Jeremy Clarkson when clashing with the BBC’s Victoria Derbyshire in typically flamboyant style when protesting with farmers about Labour’s changes to IHT relief for farmers. A substantial increase of tax…

Trusts – What are they and do I need one?

3 generation family

Trusts are often perceived as complicated, surrounded by baffling terminology, expensive and only necessary for the super-rich, but as Solicitor Lucy Wilton explains, this is not necessarily the case and many of us may even have one without realising it! What is a Trust? Most of us have heard of Trusts, but may not have…