Private Trusts in Wealth Planning

Private Trusts in Wealth Planning

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.
Overview

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

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Summary
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Expert
Faisal Sheikh

Faisal Sheikh

Faisal is a wealth management professional has spent almost 30 years working in the field of risk management, risk control, internal auditing in the financial services and public sector. Most recently, Faisal was the Head of Risk for the Wealth Management business of UBS in the UK. He has also extensive international experience across Europe, the Americas, Asia and Africa. He has also a served as CISI operational risk expert panel member.

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