UK Trusts Arrangements
In the UK, a trust is a legal arrangement where assets (like money, property, or investments) are held by one or more people (the trustees) for the benefit of others (the beneficiaries). Essentially, it’s a way to manage and control assets for someone else’s benefit. Trusts can be used for various purposes, including estate planning, inheritance tax reduction, and safeguarding assets. Here’s a breakdown of key aspects:
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