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  • Overview

    Chris advised the clients to put a portion of their £10 million inheritance from their late mother into Trust to potentially reduce the Inheritance Tax liability and ring-fence the assets.

     

    Chris effected a Deed of Variation to make this possible and advised the clients on HMRC’s recent change of view of speciality debts which allows the clients to borrow money from the Trust interest free without consequent tax arising on the loan when they die.

     

    The loan would be a debt on the estate so, whilst this would need to be repaid, the clients can enjoy their inheritance with the peace of mind that their inheritance is ring-fenced from their estate.

  • Related Services

    Wills, Trusts & Tax Planning

    Our specialist lawyers provide high quality, intelligent advice that is comprehensive, considered and clear.

    Inheritance, will & trust disputes

    Contentious trusts and probate is a legal term used to describe disputes over inheritance, wills or trusts. It is a specialist and very technical area of law. That is why it is important to have an expert on hand.

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Jargon Buster