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Trusts Registration Service

HMRC has launched a new Trusts Registration Service (TRS), so that trustees can register their trust online and provide information on the beneficial owners of the trust. The new service launched in early July for trustees and replaces the 41G (Trust) paper form, which was withdrawn at the end of April.

Protective Property Trusts

The Protective Property Trust or PPT is probably the most widely used ‘Will Trust’ today. The PPT has many advantages over a discretionary trust far beyond simply being used to shelter assets from long term care fees and its implications.