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The IWC Glossary

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Trusts are used to hold money for the benefit of others or used to help with Inheritance Tax planning.
There are many types of trusts used within wills, probate and estate administration.
Trusts are can be used to protect an interest of another or as vehicle to mitigate inheritance tax.
All trusts must have at least two people to oversee the running of the trust these are become know as the Trustees.
A few trusts types include: Life Interest, Accumalation & Maintenance, Discretionary, Immediate Post Death Interest, Pilot, Disabled etc etc..
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