Mike Warburton Amount Quotations

This change places parents in a terrible dilemma because it is now more tax-efficient to give a large amount of wealth to their offspring at age 18 when many will not be mature enough to handle it. I have seen cases where clients' children have gone off the rails when coming into money too young, killing themselves in sports cars, getting into drugs or becoming involved with unsuitable marriages.

There's an awful amount of uncertainty. Consumers won't be sure where they stand. This Government simply doesn't like trusts and means to put a stop to them.