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Inherited wealth may create tax problems for an individual or for his beneficiaries which can be reduced or avoided altogether by reorganising the distribution of the deceasedís estate. Reorganisation can also allow a family to direct wealth to where it is most needed.
It may be appropriate for a beneficiary to create one of several types of trust to protect assets, reduce tax and maximise planning flexibility for future generations.
The deceased may have created trusts during his lifetime which need continuing and organised management in order to maximise their tax advantages and which need to be considered in conjunction with the estate.