by admin | Aug 13, 2024 | Blog
Understanding Discretionary Trusts A discretionary trust is a type of trust where the trustees have the authority to decide how the trust’s income and capital are distributed among the beneficiaries. Unlike fixed trusts, where the distribution is predetermined,...
by admin | Jun 28, 2024 | Blog
What does inheritance tax mean? Inheritance tax is a levy on the estate of a person who has passed away. It encompasses everything they own, including property, money, and possessions. The purpose of this tax is to redistribute a portion of the deceased’s wealth...
by admin | Jun 4, 2024 | Blog
Selling Property with a Life Interest Explained When planning your estate, you may come across various types of wills and trusts designed to protect your assets and ensure they are distributed according to your wishes. One such arrangement is a life interest trust...
by admin | May 6, 2024 | Trusts
Understanding Protective Trusts Before we dive into Protective Trusts, let’s take a moment to understand what trusts are and their role in estate planning. Simply put, a trust is a legal arrangement where one party (the settlor) transfers assets to another party...
by admin | Apr 8, 2024 | Trusts
Understanding the Flexible Interest in Possession Trust Like other trusts, a Flexible Interest in Possession Trust (FIPT) holds and manages assets for the benefit of designated beneficiaries. However, what sets it apart is its unique flexibility in asset distribution...
