About this episode
Book a 1:1 Consultation and Financial Plan with Paul - https://askaboutwealth.ie/consultancy
Trust funds separate ownership from control and can help protect young or special-needs beneficiaries, keep assets managed responsibly, and support inheritance-tax planning.
The episode compares fixed trusts with discretionary trusts, explains will trusts, and highlights key insights, like capital gains tax on lifetime transfers, CGT uplift on death, and how transferring a home may avoid CGT and affect “Fair Deal” planning.
00:00 Trust Funds Explained
00:52 Why Use a Trust
01:47 Fixed Trust Basics
02:58 Special Needs Planning
05:29 Fixed Trust Tax Perks
06:21 Discretionary Trust
08:09 Trustee Incentives Warning
09:29 Discretion Benefits
10:18 Will Trusts
12:09 Cautions and Tax Traps
13:11 Home Transfers and Fair Deal
14:36 Final Takeaways
Hosted on Acast. See acast.com/privacy for more information.
Get every episode summarized
Each time Ask About Wealth publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Ask About Wealth
The 5 Biggest Tax Mistakes Irish High Earners Make (And How to Fix Them)
Ask About Wealth
The Irish Mortgage Market: What Buyers, Switchers and Investors Need to Know
Ask About Wealth
Get the Best Property For Your Money: The Complete 8-Step Guide
Ask About Wealth
Borrowing Money Against Your Assets
Ask About Wealth