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Old 22.04.2020, 18:27
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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The reason for a trust is to protect assets from divorce & spend thrift family members rather than saving tax.
Not entirely true. A trust can be until the beneficiary reaches a specified 'age of maturity'. It can be used reduce liability. In the case of my former landlady, it was because her father didn't see her as intelligent enough to manager her own finances, to the point that even in her 60s, she had to ask the board of trustees for the money to buy a new sofa and to call out a plumber to her broken toilet, and all whilst claiming disability benefit and a mobility allowance for her husband who had bugger all wrong with him and freely admitted it was all a scam. But who am I to complain that someone living in a house worth over £750k which they own outright, was claiming over £250 per week in benefits whilst having two tenants in an annexe building and two lodgers in their home, all of which wasn't declared.
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