Can a Trust be used for Inheritance Tax Avoidance?
The UK levies an inheritance tax on the assets of a deceased person that their beneficiaries pass on. It is a tax that can significantly reduce the wealth passed on to loved ones, and it is important for individuals to consider ways to minimize its impact. One strategy that can effectively reduce the burden of inheritance tax is using a trust. In this article, we will explore whether you can use a trust for inheritance tax avoidance.