One benefit of writing in trust is that it can reduce what kind of liability?

Writing in trust can significantly reduce inheritance tax liability. When assets are placed in a trust, they are legally owned by the trust rather than the individual, which can exclude these assets from the individual's estate when calculating inheritance tax upon their death. This is particularly beneficial for high-value estates, as it can help preserve family wealth and ensure that beneficiaries receive more of their inheritance.

In addition to reducing inheritance tax, trusts can provide other financial and estate planning benefits, such as avoiding probate or controlling how and when beneficiaries receive assets. This strategic planning can lead to favorable tax outcomes while providing peace of mind for the trust creator.