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Discretionary trusts are a versatile tool in estate planning, particularly valuable for those looking to manage their inheritance tax (IHT) liabilities with flexibility. These trusts allow the settlor, the person who creates the trust, to appoint trustees with the discretion to decide how the trust's assets are distributed among the beneficiaries.
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Note: This page is for information purposes only and should not be considered as financial advice. Always consult an Independent Financial Adviser for personalised financial advice tailored to your individual circumstances.