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Trust & Taxation

Over 5,500 IHT investigations opened by HMRC in 18/19

Over 5,500 IHT investigations opened by HMRC in 18/19

With a rise in the number of IHT investigations opened by HMRC in recent years, it is more important than ever that advisers are able to help their clients.
View of inheritance tax report

Office of Tax Simplification Report on IHT issued

The long-awaited report outlining proposals to simplify the UK’s inheritance tax (IHT) system has finally been published. This article takes a look at the key proposals and the potential impact they could have.
How parents could be risking their children’s inheritance

How parents could be risking their children’s inheritance

Having worked hard to build their wealth, parents naturally want to protect it and see it eventually pass to their children. However, parents could potentially be just three bad decisions away from risking their children’s inheritance, and leaving them with nothing.
Appointing family members as trustees

Appointing family members as trustees, what could possibly go wrong?

All too often, when clients set up a trust, they will appoint family members to act as trustees. Clients need to be encouraged to carefully consider this decision, as the role of trustee carries with it a number of responsibilities.
The 10 year charge on trusts - three key tips for advisers

The 10 year charge on trusts - three key tips for advisers

Financial advisers who recommend discretionary trusts to their clients have a fantastic opportunity at the 10 year anniversary to meet with them and offer them some valuable advice. Here are three tips to help advisers maximise the opportunity, and to help ensure it doesn’t become a headache for their clients.
Helping clients overcome barriers to trust planning

Helping clients overcome barriers to trust planning

Here we share some research which shows the three biggest barriers advisers face when recommending trusts to their clients. By helping your clients overcome these barriers, more clients could benefit from trust planning.
Increased demand for trust planning

Increased demand for trust planning

Advisers say increased demand for trust planning is helping to create new opportunities in offshore bonds. Financial adviser research carried out by Old Mutual International highlights the importance of trust planning. The data shows that out of those advisers who see new opportunities in offshore bonds, one in five say this is down to an increase in demand for trust planning.
Complex families

Simple estate planning steps to help clients in complex families

Family structures can change quickly and disputes over how assets are distributed on death can be extremely distressing at what is already a very difficult time. To help ensure your client’s assets are distributed in accordance to their wishes, plans need to be put in place, and even just a few simple steps can make a big difference.
The complex planning needs of the modern family

The complex planning needs of the modern family

The following case study will illustrate how quickly children can be locked out from getting an inheritance due to issues that can arise from blended families.
Trust planning

Trust planning – Freeze IHT liability but keep access to capital

IHT receipts are at record levels, and more clients will be looking at ways to mitigate their IHT exposure to help ensure as much of their wealth as possible is passed on. This article explains how the loan trust can help clients retain access to their capital whilst ensuring any growth is immediately outside of their estate.

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