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Where Taxpayers and Advisers Meet

Loan Trust - Absolute or Discretionary?

AK1951
Posts:1
Joined:Thu Apr 29, 2021 11:23 pm
Loan Trust - Absolute or Discretionary?

Postby AK1951 » Tue Jun 08, 2021 9:16 pm

Hi

I have been advised to set up a loan trust on a discretionary basis and I just wanted to gather my thoughts on why i should not consider an absolute trust instead? I was not really convinced with the explanation and just wanted to know about the disadvantages of an absolute trust apart from children having a right to claim the 'growth' after 18. Even if they do, does that matter as I still have access to the loan and i understand i dont get access to the growth entitlement anyway?

maths
Posts:8285
Joined:Wed Aug 06, 2008 3:25 pm

Re: Loan Trust - Absolute or Discretionary?

Postby maths » Wed Jun 16, 2021 5:47 pm

I'm afraid the post is to me a little confusing?


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