I have written many articles on estate planning, but there is no doubt the subject that provokes the most interest is that of ‘retained interest’ trusts. A retained interest trust arises when the person who establishes the trust (the settlor) retains some benefit from the trust fund. This form of planning is commonly known as [...]
From April 2015 pension flexibility will be substantially increased. Recent government announcements have substantially increased the attraction of pensions as a vehicle for inter-generational wealth transfer. Currently any pension fund paid out as lump sum after the death of the fund owner after their 75th birthday is subject to a tax charge of 55%, whether they [...]
Ask an elderly parent to establish a trust during their lifetime or via their will rather than make outright gifts to you. It creates a much more flexible vehicle for you to mitigate inheritance tax.
Since 2006 the lifetime nil-rate band allowance has become very important in estate planning, yet most people are unaware of its significance and potential to save inheritance tax.
Discounted gift and loan trusts are often recommended to clients for inheritance tax purposes. My eBook dispels some of the myths that surround DGTs and loan trusts and also evaluates alternative planning solutions that are often unknown to most financial advisers.