Trusts
There are many reasons to use a trust which is why they are so individual according to your circumstances and what you are trying to achieve. Trusts can be lifetime trusts which are in force throughout your lifetime so the trust owns your assets keeping them out of your estate for Inheritance tax purposes or they can be IPDI (immediate post death interest) trusts such as a right to reside/occupy or a protective property trust which are written into your Will and come into force upon death.
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