Scottish castles built in the 17th century had few windows. The reason was not defense, but taxes. A luxury tax of the day was measured by the size of the windows in a taxpayer's home. A windowless castle represented good tax planning — but brought darkness to its inhabitants. Today lawyers are drafting trusts that resemble windowless castles. They minimize potential wealth taxes — but leave families and administrators in the dark. The language of many modern trusts has become so convoluted ...

All Access Premium Subscription

Your subscription will include 12 months of Trusts & Estates magazine, access to premium content on, and Trusts & Estates plus iPad app.

Already registered? here.