Tax Experts Explain How Trusts Really Work

Business Without Bullsh-t

EP 401 - Recent UK government changes to trust law could have major implications for wealth protection, estate planning, and business ownership.

In Tax Without Bullshit pt. 2, Andy sits down with Oury Clark tax experts Jeremy Coker and Emma FlorentinLee to break down what the new rules mean, who they affect, and how to decide if a trust is still worth it.

From common myths to practical strategies, this episode explains how trusts work in the UK, why they’re not just for billionaires, and how changing legislation could reshape their future.

Essential listening for business owners, financial advisors, and families looking to safeguard assets.

*For Apple Podcast chapters, access them from the menu in the bottom right corner of your player*

00:00 Tax Without Bullshit pt.2 - UK Trusts

02:49 History of Trusts

03:41 Structure of Trusts

04:14 Types of Trusts and Their Uses

09:03 Tax Implications and Misconceptions

21:34 Global Perspectives on Trusts

24:51 Trustees and Beneficiaries

25:13 The Role of Trusts in UK Tax Residency

26:36 Offshore Trusts: Myths and Realities

28:53 Excluded Property Trusts Explained

31:09 Complexities of Foreign Trusts

41:58 Living Trusts and Their Implications

45:57 Trusts in Business and Family Planning

51:15 Wrap Up

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