Setting up a discretionary trust can be an effective way to reduce exposure to inheritance and capital gains taxes, while securing an income stream for future generations. If you have personal assets, other than a business, you might consider establishing a discretionary trust to shelter these assets avoiding the need to dispose of the asset to meet future tax bills.
There are a number of factors to consider when setting up a discretionary trust. We would be happy to discuss your personal circumstances with a view to planning for your future.