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Using a trust to avoid inheritance tax - Oops
nom_de_plume
Posts: 962 Forumite
http://www.dailymail.co.uk/news/article-3207501/Barred-stately-home-children-gave-fortune-600m-trust-fund-kids-French-villa-sale.html
Seems even the super rich can get it wrong sometimes.
Seems even the super rich can get it wrong sometimes.
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Fortunately most of us will never have to face these dilemmas.
The children seen to have learned their family values from growing up in the Thatcher generation.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
His offspring are flogging properties he put in their names, so presumably technically theirs to sell. Serves him right, with that sort of money he should have taken better legal & financial advice to point out possible pitfalls of what he was doing.Seen it all, done it all, can't remember most of it.0
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