The quiz on sat 9th March 2019 was as below.
Test your knowledge
Winner receives £20 Asda voucher
Runner up receives £10 Asda voucher
Which advantage of a Lifetime Trust is not true?
a. Mitigate Inheritance Tax
b. Avoid Probate fees
c. Protect from creditors & predatory 3rd parties
d. Prevent claims on your estate when you die
e. Allocate assets to your family when you are alive.
f. Safeguard a disabled child’s means-tested benefits
g. Beneficiaries not named in the Trust deed can also benefit.
The answer was:
G. Beneficiaries not named in the Trust deed can also benefit.