The tax rules for lifetime trusts

[@TheRetirementCafe]

When can a lifetime trust be beneficial, and what are the tax rules?

[@stockmarket4023]

such a great video. Thank you for such a great explanation.

[@Equitybonds24]

I really enjoy your videos Justin, I am currently working towards APFS and find this content brilliant. Thank you

[@TheRetirementCafe]

Great to hear!

[@thebankersson]

Thank you, another great informative video. 👍

[@flyhi2773]

My mother passed last year, my father has just been moved to a smaller property as his mobility declined dramatically past year and he has dementia too. Can equity that’s had to be put in a trust account be used to pay off my sisters mortgage? Or would that constitute a gift as officially he inherited it all, albeit in a trust me and my sister being trustees?

[@stephenpett2419]

A little over negative on trusts of the Principal Private Residence - very useful for business people & professionals especially with modest dwellings (£325,000 per owner) where things can go unexpectedly wrong and they can save IHT for FUTURE generations. I do agree that too many are sold to "avoid care fees". Keep up the good work!

[@Equitybonds24]

Can you or do you have a video already on the 14 year rule?