Are Trusts Exempt From Inheritance Tax?

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It depends on the type of trust and time.

When assets are successfully transferred into trust, they're no longer a part of your estate.

When assets are successfully transferred into trust, they're no longer a part of your estate.

To make sure the trust assets are not subject to Inheritance Tax on your death you need to be very careful about reservation of benefit.

Generally, assets gifted to a Trust will be free of inheritance tax after 7 years.

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