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TAX BASICS: Trusts Explained (Simply)

In this video, I explain what trusts are and how they are taxed. Specifically, I will cover: - Bare trusts, discretionary trusts, interest in possession trusts - How grandparents can use trusts to pass on assets to grandchildren - The relationship between settlor, trustee and beneficiary - Whether you can save inheritance tax by setting up a trust WHO AM I: I'm Kiran, a qualified accountant and experienced tax professional living in the UK. I make videos about finance, tax and investing. MY FILMING GEAR: Camera - https://amzn.to/3FxPlad Microphone - https://amzn.to/3RP1GOu Tripod - https://amzn.to/3PVWRjR DISCLAIMER: This content, and the ideas presented in it, are for education and entertainment purposes only. Kiran does not provide tax or investment advice. The information presented does not consider the financial circumstances of any investor, and therefore may not be suitable for all investors. Although Kiran is an Accountant, no Accountant-Client relationship is established with the viewer in any way. As an Amazon Associate I earn from qualifying purchases. The product links in the description are affiliate links. This means if you choose to buy something through one of these links, I may receive a commission on the sale, but it makes no difference to you as a buyer.