An in-depth look at Accumulation and Maintenance Trusts, a form of discretionary trust used primarily for the benefit of children and young adults. Explore its historical context, types, key events, mathematical models, charts, and importance.
An inheritance tax charge made every ten years on most forms of discretionary trust, calculated at 30% of the lifetime rate to compensate for the absence of generational inheritance-tax charges.
A Discretionary Trust allows a trustee to administer the trust according to their own discretion, providing flexibility while ensuring prudent and sensible management.
Understanding the core principles of trust in the realm of general management and its comparison with discretionary trust.
