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Coutts, the NatWest-owned private bank reputed to have the British monarch as its client, has raised its minimum client threshold from the previous £1 million to £3 million (€3.44 million, $4.05 million) in available assets (investments or cash savings).
As mentioned in the previous parts of our series, Trusts serve as an essential tool for asset protection, tax efficiency and long-term legacy succession planning.
If the Trust Deed is the skeleton of the trust legal structure, the Letter of Wishes (LoW) is its heart, providing the intent and philosophy behind the Settlor’s decisions, acting as a personal guide for the Trustee.
