Business
The number of trusts in use across the UK appears to be in decline. With tougher tax rules and more reporting requirements, is there still a role to play for these legal instruments? My guest on the podcast today is Emily Taylor, Partner at BDB Pitmans. Emily specialises in tax planning, trusts, estate administration and drafting of wills and powers of attorney. She has a wealth of experience dealing with a wide range of private client matters in particular high net worth estates including those with foreign property. She also deals with Court of Protection matters and is a Court Appointed Deputy with clients all over the UK. In this conversation, we go back to basics and explain what a trust is, before Emily explains why the number of trusts in the UK is in decline, why trusts sometimes receive negative coverage, and why they continue to play a valuable role. We also discuss mental capacity, and why a Lasting Power of Attorney is more important now than ever. Here’s my conversation with Emily Taylor, Partner at BDB Pitmans, in episode 520 of Informed Choice Radio.