Trust Funds Are Not Just For The Rich and Famous

About this episode

This episode explains the benefits and intricacies of trust funds, including their use in financial planning and tax strategies.

Book a 1:1 Consultation and Financial Plan with Paul - https://askaboutwealth.ie/consultancy 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 Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Paul

Topics covered

• trust funds
• financial planning
• inheritance tax
• special needs planning
• capital gains tax
• discretionary trusts

Keywords

• trust funds
• fixed trusts
• discretionary trusts
• capital gains tax
• inheritance tax
• financial consultation

Sponsors

Ask About Wealth

Mentioned in this episode

Organizations: Ask About Wealth

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