How multiple trust planning can save you Inheritance Tax
The new Finance Bill has made no changes to the rules in multiple trust planning where multiple trusts have been established on separate days which contain low value/ exempt transfers.The Bill contains a significant change where multiple trusts have been established on separate days but which then receive additional funds on the same day.
Dying Without A Will
Dying Without A Will in the UK affects your spouse and children. The position of spouses and children in the situation where a person dies intestate (i.e. without having a valid will) has undergone substantial change as of 1st October 2014 when the Inheritance and Trustees’ Powers Act 2014 (IATPA) came into effect.