​Are more families using trusts to pass on wealth?

​Are more families using trusts to pass on wealth? The use of trusts is increasing as more families look for ways to manage inheritance tax and pass assets to the next generation. With the inheritance tax threshold frozen for years, more estates are being drawn into the 40% tax charge.

Trusts can allow individuals to place assets such as property, cash, or investments into a legal structure managed by trustees for the benefit of chosen beneficiaries. This can help families control how and when wealth is passed on, while potentially reducing tax exposure.

However, trusts are complex and should be carefully considered as part of wider estate planning to ensure they are structured correctly.

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