Trusts are an important part of modern life and people may wish to have them for various reasons that essentially involve asset protection. Charitable Trusts are also an important part of the legal landscape.
Whether it is to protect your family home or your business it is important to structure your trust correctly. With the abolition of gift duty on 1 October 2011 there are various reasons as to why gifting all at once or following a graduated gifting process may be right for you. Reviewing your trust to ensure it is compliant with the changing legal environment is crucial.