Jun 1, 2016
Last week we talked about times in our financial lives when we might need to seek advice and times when we might not. One of the times when you should is when considering using trusts for financial planning. In this session I give you what you need to know and what you need to do to make sure you and your adviser get things right when using trusts.
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Back in Session 22 I outlined the basics of trusts, covering how they are set up, the important parties, the powers and duties of trustees and the key benefits. This time, I want to cover the key points in your financial life when trusts are invaluable.
Remember that trusts are a specialist legal area, one woefully underused by most advisers, let alone private client lawyers. Always seek competent professional advice on this key area.
Podcast: Session 22 - All About Trusts
Book: The bible for advisers dealing with trusts - Trustinvest from SIFA (Not actually mentioned in the show I don't think)
I love to read and respond to your comments, so please do join in and share. Question: Have you had to use a trust, or have you ever wished you had done? Let me know in the comments...
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