Disadvantages of Will Trusts

Disadvantages of Will Trusts | Bluebond Tax Planning

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If you learned something from this video please just take a second to press the “like” button. This would be greatly appreciated. Thanks in advance - Charles.

High value of assets in an Estate is usually protected with a Will Trust. However, there is an inherent problem with Will Trust that can be avoided with an alternative strategy.

In this video, Charles explains why you might choose to set up Will Trusts and how this generally centres around avoiding issues that may arise if you die and leave your wealth to your children before an age that they are able to manage it sensibly.

Charles also discusses some of the main disadvantages of a Will Trust that are often not considered and are generally centred around inheritance tax and legislation. He explains his reasoning around why he would suggest a Lifetime Trust for protecting large estates for Inheritance tax and other problems as an alternative.

Through this video, you will gain a better understanding of what a Lifetime Trust involves, what the major advantages are for most people and why if you Estate value is likely to exceed £100,000 it might be a good Estate planning strategy for you.

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