Private Trusts in Wealth Planning
Faisal Sheikh
25 years: Wealth and risk management specialist
In this video, Faisal explains Trusts and how they are widely used within wealth management to help facilitate estate and inheritance planning for high net-worth individuals and how they can be used by clients to hold tax wrappers.
In this video, Faisal explains Trusts and how they are widely used within wealth management to help facilitate estate and inheritance planning for high net-worth individuals and how they can be used by clients to hold tax wrappers.
Private Trusts in Wealth Planning
8 mins 9 secs
Trusts are used by high net worth individuals (HNWI) for multiple purposes. From reducing future inheritance tax liabilities to ensuring funds are available for future needs, such as the maintenance of young children. Trusts help these individuals to manage their wealth and can facilitate estate and inheritance planning. It is important for wealth managers to understand how each type of trust functions and what unique benefits it provides to their clients.
Key learning objectives:
Understand the key differences between the four main types of trusts discussed in this video
Understand why wealth management clients use trusts
Faisal Sheikh
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