Trust Funds Are Not Just For The Rich and Famous

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Trust funds separate ownership from control and can help protect young or special-needs beneficiaries, keep assets managed responsibly, and support inheritance-tax planning.

The episode compares fixed trusts with discretionary trusts, explains will trusts, and highlights key insights, like capital gains tax on lifetime transfers, CGT uplift on death, and how transferring a home may avoid CGT and affect “Fair Deal” planning.

00:00 Trust Funds Explained

00:52 Why Use a Trust

01:47 Fixed Trust Basics

02:58 Special Needs Planning

05:29 Fixed Trust Tax Perks

06:21 Discretionary Trust

08:09 Trustee Incentives Warning

09:29 Discretion Benefits

10:18 Will Trusts

12:09 Cautions and Tax Traps

13:11 Home Transfers and Fair Deal

14:36 Final Takeaways

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