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 Protection Gift Trusts Discretionary Trust Deed  Legal & General 2017

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Music welcome to this Gillick explains finance video this week the very basic bones of trusts now start with quite an amusing quote but not your trust in money but put your money in trust so said Oliver Wendell Holmes US physician and author and in certain circumstances trusts can be very useful I mean look at two main types the basic players and how they might be used now the basic benefits of trust they are a way to hold property on behalf of other people a so-called beneficiary more about that in a moment so a great way potentially to hold property on behalf of children and/or grandchildren number two they can be a way to reduce inheritance tax, so they can reduce what's called the death estate of the person putting the assets into trust thirdly it can be a way to protect assets this can be a good way to protect assets in the event of say divorce or bankruptcy proceedings, so it gives you a degree of third-party protection if you like with the assets that are in trust, and it can be

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