Discretionary trusts allow families to keep and protect money, investments and assets for future generations. But do they still provide an effective, tax-efficient solution for families, their loved ones and their long-term financial needs?
Carol Ward, a private client solicitor with expertise in tax planning, preparing wills, powers of attorney and creating trusts, discusses the advantages, drawbacks and tax implications of putting farms into discretionary trusts with Farmers Weekly.
Click here to read Farmers Weekly's article.