How To Protect Family Assets | Trusts Explained UK

How To Protect Family Assets | Trusts Explained UK
Trusts can be a powerful tool in organizing a person's assets to ensure they are passed onto the correct people and potentially reduce the exposure to Inheritance Tax. Inheritance Tax is quite a nasty bill of 40%. So let's understand what A Trust is? The different types of Trusts and reasons why you might get a Trust.

Chapter Information (How To Protect Family Assets | Trusts Explained UK):
0:00 Introduction
0:30 What is a Trust?
1:41 Why get a Trust?
3:06 Types of Trusts
6:32 How to get a Trust & How much does a Trust cost?

🔹 The Law Society

DISCLAIMER - Any advice or (statements perceived to be advice) given in this video and any other videos on my channel are for information purposes only, and do not act as financial advice. You are fully responsible for your financial decisions. If you are in need of Financial Advice, please seek out a professional advisor. If you are unsure of how to do this, feel free to reach out to me and I am more than happy to guide you.

#trusts #inheritance #financialplanning

[d.beaumont]

Thank you for making a clear and precise video.

[pammi]

Thank you .. very clear and informative 😊

[ipprp]

Tlove your videos, have leant so much from all those advises. Thank you! I wonder if you could you make a video about how to protect your asset and your company after the dead of sole director shareholder, who would be in charge and running the company, what happens to those investments in that company and what to do now to avoid the disaster whicj will end up of loosing everything? I think it's of the most important matters that not many YouTuber investers mentioned it on here. Thank you.

[famdegroot]

Hi. Thanks for the video. Two questions: you mentioned you’d post a list of different kinds of Trusts. Where can I find these? And my second question is: if one wanted to put one’s own house into a Trust so that it could be sold and not have to wait for probate, what kind of Trust would that be?

[DC-wpoj]

A few questions. How would land registry know that a trust has been created regarding a property? Are trusts registered with the government? And would placing property into a trust incur CGT? Your response would be much appreciated!

[Waveripper]

How do conditions change if I were to create a trust as a uk resident but then later in life move abroad and become a resident of another country

[smolville]

Our dad gave his trust $5 million fund to a local University and all me and my sister get is $2000 a month and a very large tax bill.

[Chpp]

Good video but minor point is that it is beneficiary not beneficirary.

[sirguyfawkes]

Are homes placed in a trust liable for council tax.?

[chrissaltaur]

Can you please confirm the cost of a lifetime trust. Like Kareem I've seen charges of up to 6k.

[SteazyCrypto]

Shell company needed to be used along with the trust to avoid inheritance tax.

[kareemnishkor]

£1000 for a trust? Is that before VAT? My solicitor is charging £6000. Am I being conned?!

[OO]

Dude!! Keep still man! Take some zinc tablets, testosterone boost should settle you down.

[dragonfliesbutterfliesandb]

Rubbish, making money videos again! Not as informative as it should and misleading