The Truth About UK Trusts. Jake Claver in this recording: “It still goes through probate, provides you no additional protections.”
What this recording covers
Claver responds to a UK viewer who notes that his usual advice on LLCs and asset protection does not translate well there. He explains that trust law in the UK is unfavorable: a trust formed there can unwind entirely if the person dies within seven years of setting it up, assets still go through probate, and the tax treatment inside such a structure is poor. He notes that people living outside the UK who form a company there can access some benefits aimed at attracting outside capital, but residents do not enjoy the same treatment. He says the most honest advice he can give to residents of countries under that legal framework is to consider relocating, and names several other countries people have moved to in search of better creditor protection and lower tax exposure.
Where this fits
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