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They say that wills become invalid once one marries, does this apply to trusts as well? So for example if I own a home, put it into a trust, then get married. If the marriage fails, would the ex get the share of the property?

Ann maria Flat 4/40 leopold rd Felixstowe her and her alcoholic boyfriend profits of child porn and it goes In trust fund for there new born and nobody the wiser it must be how this network hide they profit from this crime / now we will all keep a snide eye out /😀🙃😄😙🙃

You are providing a great service, thank you for helping people who need directions around the legal mine field

Very crisp and clear ❤

You pay 40% tax on rental income

is it true you can avoid paying inheritance tax in the UK if the property was put in a “trust“ before its inherited/before the person djes?

Could you discuss how this impacts IHT? Yes, protecting from care fees, but doesn't this mean losing spousal exemption? Or would this be considered RNRB if passed to children via spouse?

A great Q&A video, thanks. Future ones might be better if shorter, because many viewers skip videos longer than 20 minutes. I heard Mike say that anything that can be owned can be put into trust, but bullion cannot be put into trust. Many of us would feel better educated if we knew why.

Great content!

Surviving parent wants to gift the family home to his son. His son has always lived at the family home. No mortgage, no money changing hands, property value way below the inheritance tax threshold. No trust required, just change of name on the deeds??

Exceptional video. Thank you so much for releasing this video 🙏🏼

Can you change a trust at anytime

Total cost of Trust, will and LPA

Are crypto assets taxed when moved into a trust during its creation?

Hi. Who is paying for the care home fees?

More of this content

Me thinking it is about kamen rider😂

How much do it normally cost. to put a house on to a trust..

I will not marry a man that hides money .

In my family my Dad died without signing his will and my 90 year old mother with cancer refused to set up an LPA because in her words, 'I've not got dementia!' The problem is the fear of death and others.

Do you have an office near Newcastle upon Tyne. And how do I get a free 20 min phone call to go through my requirements for a living trust Thanks

You say in the video that a lifetime trust is exactly that in that it lasts 125 years with no additional payment. However on other channels I’ve watched they say that there is a trust payment every 10 years? Please clarify. Thank you

You must not have a child. Only a terrible parent would think this way I raised my daughter right and have no worries feel sorry for you buddy....

What are the disadvantages of a trust?

I have a BTL property that I want to gift to my brother. Can I do this without incurring CGT? It has a small mortgage.

Love this, thank you, i’ll be in-touch 😊

great content; really helpful, have subscribed

So would the tr1 form need registering prior to death by the owner, or post death by the trustees? 😊

nice and simple ,, well done

Great episode - would love to see more long form content. Wouldn’t alphabet shares, especially with the growth going to a trust serious limit your choice of lenders? Lenders prefer vanilla circumstances. Also, if this becomes common practice, you can bet your bottom dollar the government will change the rules

Any trust or just irrevocable trust?

I’m not gifting my home to my kids, I’ve given them both deposits and furniture for there own homes. I’m selling my home and enjoying spending it on myself. A house is bricks and mortar, you can’t take it with you when you die. Enjoy your life before you die, I might go rent in Spain. 🤣🇬🇧

This is extremely risky advice and people should be very careful going down this route. The potential downside to these trusts from a CGT and IHT perspective is very large, and people should research this carefully for themselves before being gulled into going down this route.

What if I put my house in a trust and later want to sell it and move? Am I stuck living in the same home for life? Also can my trustees sell it out from under me if the relationship goes bad?

Does it have to be parents to children, can it be between adult siblings?

Was always led to believe trusts help avoid paying iht. Maybe this used to be the case but not anymore. Dealt with two "specialists" now on these matters and still cannot understand the actual benefit of a trust other then some protection ie marriage, care home fees, probate. But you can put things in place to offset these things ie hire private care instead of placing you loved one into a home it would be much cheaper especially if they already have their own home. Marriage is not for everybody. Probate savings are swallowed up from ongoing trust fees over time. Am I only one missing the point here? Surely if you want to avoid iht simply move to another country that isn't so greedy and pay nothing. Job done

Second properties should be illegal. A house to own a live in.

If a property is gifted to the children and the half way through the 7-year period (say 2 years), if the parent needs to go to carehome, would the gift still stand? Or the gift is cancelled and the council takes charge of the property. I understand the gift becomes less effective if the parent passes away before 7-year period. Just wondering what happens if the parent goes carehome?

When does mortgage payments go down Mortgage interest always goes up and property prices goes up too

Not sure I would trust an estate planner who doesn't know simple maths.

I have been contemplating a trust for my child but I can’t get my head round the face that there must be a caveat…why aren’t everyone creating trusts if it was so easy. I’m horrible at admin does it require a lot of accounting work on a yearly basis?

6.30 - DISCRETIONARY Trust. Trustees can also be Beneficiaries. 7.30 - Consult an Estate Planner

How old can your children be when adding them into the trust ?

ive been on disability for 10yrs, now 42. Nan is likely to pass within ten years. There is hope, but no guarantee i can work someday. So chatGPT suggested i set up a discretionary trustfund (for myself) with the portion of the inheritance that will end with me, if im still disabled when she passes, so i can protect it from income tax and protect my disability benefit, and grow it via investing with view to buying a home. I found this to be a good intro video, thank you

What would it cost for this lifetime trust

I am a single parent to two adult children. If I leave my home in a discretionary trust, I was shocked to learn they’ll still have to pay 40% IHT on the amount above £335k and the £175k allowances. I thought trusts eliminated the beneficiaries, in this case my children, paying taxes?

If I put my house into a trust today (to avoid IHT) would I be able to sell it in the future if I wanted to move home?

Sadly, this comes too late for me. My mum had a fall in mid-April this year, spent 3 1/2 months in hospital and is now permanently bed-bound and living with me. It wasn't practical to let her return to her home because she would have been alone for long periods each day and night with no-one around - she had to be rushed back into hospital a week later in the early hours of the morning because she couldn't breathe, so would probably have died. She thought she'd done the right thing back in the 1990s, when she made a will, but the solicitors never mentioned putting the house into trust and she wouldn't have known, she just thought that making a will would mean everything she left would come to me. Now she has 2 carers coming in four times a day, but will need to go into a care home before much longer because I can't do alone what it takes two trained people to do, and I feel she needs more care than I can provide in between those visits, especially at night. Of course, the local county council were rubbing their hands together thinking they could put her into a home and put a charge on the house, something she doesn't want and neither do I, so we have cut them out of the picture and she will be completely self-funded. We will have to sell her bungalow and invest the money to make sure we can cover the costs (we have financial and health LPAs) and I just have to hope there will be something left. She is 88 and both her parents died in their 90th year so, if she follows suit, with the care home I've picked out the annual cost of around £65,000 (at the moment!) should leave me with something, but I shouldn't have to think that the sooner my mum dies the better it will be for me. It might be the truth, but it's not right and it makes me very uncomfortable to know that. It shouldn't be necessary. She worked all her life and because of that she gets no help until it's nearly all gone. I look at her now and I know that could be me in 20 years' time. It won't be, I'll make sure of that one way or another.

What if one starts a property company and make the children as directors and shareholders of A and B Shares. Would that be as good as Trusts and less expensive?

In the UK, inheritances are usually not considered matrimonial property by the Court. So it doesn't happen 'all the time'. This is scaremongering. Also CGT is chargeable on trust assets once sold by beneficiaries.