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TRUSTS
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INHERITANCE TAX

Trusts

Budget changes in 2006 have brought about significant and major changes to how trusts can be used efficiently for the mitigation of inheritance tax.

It is vital that detailed professional advice is sought before doing anything in respect of gifting or creating trust as circumstances can arise where inheritance tax is due before you die!

We encourage a full review of all planning in place now and a review should include close liaison work with a suitably qualified legal professional.

In some regards trust planning is 'back to the drawing board' so it is vital that the plans in place dovetail with changes that have happened so that your estate get no nasty surprises.