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Discounted gift / loan trusts
sophiedophie
Posts: 37 Forumite
in Cutting tax
Hi all,
A friend has asked for advice on something they are planning on doing (they have had professional advice on the matter but it’s always helpful to get a second opinion!).
One of the things they’re looking at doing is a discounted gift trust or loan trust. They are trying to make sure some money is sorted for their children for later on. Is there any red flags they should be looking for with this type of thing?
I know it’s a vague question but it’s not an area I have much experience in but told them I would ask on here!!
A friend has asked for advice on something they are planning on doing (they have had professional advice on the matter but it’s always helpful to get a second opinion!).
One of the things they’re looking at doing is a discounted gift trust or loan trust. They are trying to make sure some money is sorted for their children for later on. Is there any red flags they should be looking for with this type of thing?
I know it’s a vague question but it’s not an area I have much experience in but told them I would ask on here!!
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