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My mother has a property portfolio woth about £5 million. They are all in England. She has no mortgages. We are three siblings, and currently the tax bill is expected to be about 1.7 million. We have been discussing setting up a trust weith a company and the trust would be based in Belize... However, the company in question want approximately £450,000 in fees...
What are your thoughts?
Best regards XXXXX XXXXX
The trust is aimed to be set up with me as one of the trustees... However, we are concerned as to whether this is legal to set up in Belize, and also as to whether £450,000 is a complete robbery?
All the best - Fraser
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