How Trusts Can Help You Manage Inheritance Tax and Control Assets

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Trusts are a practical tool for managing inheritance tax while keeping control over how your assets are distributed. By placing assets into a trust, you can potentially reduce the tax burden on your estate, as trust assets may fall outside your taxable estate after seven years. This arrangement also lets you set conditions for beneficiaries, like delaying access until a certain age or using funds for specific purposes. It's a way to protect wealth for future generations while retaining some say…