P674 Teletext 674 Oct11 21:50:10    FOR  MONEY  ——————————————————————————————————————— TRUSTS AND YOUR MONEY     Only one in three adults makes  a will, which is great for the  Crown, because as a result it  inherits £2bn a year. For those with no intention of leaving their hard-earned cash to the State Make a Will Week, starting on Monday, is an ideal time to sort out your money Trusts are an important way to make sure your wishes are fulfilled and your beneficiaries get what you want. ——————————————————————————————————1/6— NatWest Will Pack: 0800 722 7733 HAVE YOU SEEN FAMILY FINANCE? p540 Lost Touch Finance LoveStars TV
P674 Teletext 674 Oct11 21:51:05    FOR  MONEY  ——————————————————————————————————————— TRUSTS AND YOUR MONEY    A Trust is an obligation that   binds a person or company to   deal with your estate in a  particular way to benefit your heirs. It's normally created by a deed drawn up by a professional adviser or by the courts if someone dies without a will. Trustees have to declare their status to the taxman via form 41G, available from your local tax office. ——————————————————————————————————2/6— The subject that's not discussed 673 OLD SOLDIERS NEVER DIE...p676 Lost Touch Finance LoveStars TV
P674 Teletext 674 Oct11 21:51:13    FOR  MONEY  ——————————————————————————————————————— TRUSTS AND YOUR MONEY   Those who become trustees have a tegal duty to: pay any tax that may be due keep records of any income and/or capital gains the trust makes complete any necessary tax returns supply certificates to beneficiaries showing what they've received from the trust and what tax has been paid. ——————————————————————————————————3/6— FIND your way to finacial advice 542 DO NOT LET MY SHARES GO DOWN p510 Lost Touch Finance LoveStars TV
P674 Teletext 674 Oct11 21:51:10    FOR  MONEY  ——————————————————————————————————————— TRUSTS AND YOUR MONEY   There are six kinds of trusts. Some mean beneficiaries only get interest payments but not the capital sum. There are separate rules for ex-pats. Money left for grandchildren to inherit once they reach 18 or 21 can be placed in an Accumulation Trust, which builds money up for release at a certain time. Mixed Trusts enable you to combine elements from various types of trust to suit your financial requirements. ——————————————————————————————————4/6— Anglesey has a lot to offer 672 PROPERTY ON THE MOVE AT LAST p544 Lost Touch Finance LoveStars TV
P674 Teletext 674 Oct11 21:50:05    FOR  MONEY  ——————————————————————————————————————— TRUSTS AND YOUR MONEY   The way your trust is taxed depends on the type of trust you set up. Some mean beneficiaries pay tax on their gain, others mean the trustee has to pay. So the way you set up a trust and who you make beneficiaries and trustees is vital to fulfil your true intentions. The Inland Revenue's IR152 leaflet deals with Trusts, how they are taxed and who's responsible for tax returns. ——————————————————————————————————5/6— Inheritance tax information 548 HAVE YOU SEEN FAMILY FINANCE? p540 Lost Touch Finance LoveStars TV
P674 Teletext 674 Oct11 21:54:03    FOR  MONEY  ——————————————————————————————————————— TRUSTS AND YOUR MONEY   There are six tax offices for Trusts: Edinburgh: 0131 473 9200 London & M25 region: 0171 605 9800 Manchester: 0161 288 6000 Nottingham: 0115 911 6500 Truro: 01872 28178 Non-resident trusts: 0151 472 6000. ——————————————————————————————————6/6— Make A Will Week contacts 541 NEXT WEEK: BATTLE FOR YOUR CASH Lost Touch Finance LoveStars TV