What is a Discretionary Trust — Explained: Benefits, Risks, and Tax Implications

Discretionary trusts, like enigmatic chameleons, occupy a peculiar space in the realm of estate planning. Their allure lies in their flexibility, but their shadow conceals a host of complexities and potential pitfalls. In this article, we dissect the controversy surrounding discretionary trusts, focusing on their use, risks, and their curious dance with inheritance tax. The … Read more