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MarianC
MarianC, Solicitor
Category: Law
Satisfied Customers: 1144
Experience:  20 years experience in Wills and Probates and Trusts
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Need to understand about Trusts to reduce IHT, UK, none, no

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need to understand about Trusts to reduce IHT
JA: Where are you? It matters because laws vary by location.
Customer: UK
JA: What steps have you taken so far?
Customer: none
JA: Is there anything else the Lawyer should know before I connect you? Rest assured that they'll be able to help you.
Customer: no
Customer: replied 6 days ago.
need to understand about Trusts to reduce IHT. If grandarents put cash into a Trust, with grandchildren being the beneficiaries and their daughter is looking after the trust. Can the daughter use the funds for e.g. to for grandparents care etc ? Thanks.

Good morning thank you for your question. Unless the grandparents are also named as beneficiaries of the Trust, or the Trustees have power to add beneficiaries (usually with the consent of the current beneficiaries) which could be the grandparents, then the grandparents could not benefit from the Trust assets.

Kind regards

Marian

Customer: replied 6 days ago.
Thank you

Thank you, ***** ***** need further assistance?

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