What is Trust and Estate Planning in the UK, and Why is it Crucial?

Wed, 19 Feb 2025 04:50:02 +0000

Trust and estate planning in the UK is a strategic approach to managing and distributing assets both during an individual’s lifetime and after their passing. It involves legal structures, such as trusts, to protect wealth, reduce tax liabilities, and ensure assets are passed on according to one’s wishes. Estate planning also includes drafting wills, setting up lasting powers of attorney, and considering inheritance tax implications.