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Written question asked by Lord Myners (Labour), in the House of Lords. It was answered by Lord McNally (Liberal Democrat) on Tuesday, 13 March 2012.


Inheritance

Question
To ask Her Majesty's Government whether they will review the use of trusts to protect the beneficiaries of inherited wealth.
Answer

Trusts are a long-standing part of the law of England and Wales, as is their use by people who wish to give away their property to their family members or others before or on their deaths. We have no plans to review the use of trusts for these purposes.


Secondary information

Type
Written question
Reference
16082; 736 c44WA
Session
2010-12
Subjects
Trusts
Link
View this Written question on www.publications.parliament.uk