Disabled Person’s Trust: The Mistake That Can Put Benefits (and Care Support) at Risk
A Disabled Person’s Trust is a specialist trust designed to financially support a disabled or vulnerable person without jeopardising means-tested benefits or local authority care support. The trust must meet the conditions in s.89 Inheritance Tax Act 1984, with the disabled person as the principal beneficiary (based on qualifying disability benefits or lack of capacity […]
7 Legal Ways to Reduce Your Inheritance Tax Bill in England
If your estate is approaching or exceeding £325,000, inheritance tax (IHT) is a conversation you cannot afford to delay. With property values continuing to rise across England, more families than ever are finding themselves unexpectedly liable for a 40% tax charge on assets they have spent a lifetime building. For many, this comes as a […]
Protecting Your Children’s Inheritance: How a Trust Works in England
As a parent or grandparent, one of the most important things you can do is make sure the people you love most are properly provided for when you are no longer here. But leaving money directly to children under 18 is not as straightforward as it might seem — and the gap between what most […]