Trusts - Life Policy Trusts

Below is a selection of our most recent updates on this subject.

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Chargeable Events Under Single Premium Bonds And Death

A summary of the chargeable event and IHT position on death in relation to single premium life assurance bonds
Friday, October 01, 2010

Flexible Trust R.I.P?

Following the changes to the IHT treatment of trusts introduced in the Budget 2006, flexible trusts are now taxed in the same way as discretionary trusts for IHT purposes. Has this change brought about a demise of the flexible trust or are they still useful?
Thursday, June 28, 2007

Form D34

The discretionary trust regime : reporting entry, exit and periodic charges : Form D34
Tuesday, September 26, 2006

Section 167 - Not Less Than Premiums Paid Rule

HMRC has changed the view originally expressed to Technical Connection regarding the application of section 167(1) Inheritance Act 1984.
Tuesday, September 12, 2006

Pre-Budget Life Policy Trusts

The discretionary trust regime can operate if beneficiaries are changed after 5 April 2008 other than by reason of death - more detail
Thursday, August 31, 2006

Protection Plans In Trust-The Trust Gap

If policies are not currently in trust -consider conveying them to trust… the sooner the better!
Monday, August 14, 2006

Pre Budget Life Policy Trusts

The discretionary trust regime can operate if beneficiaries are changed after 5 April 2008 other than by reason of death
Monday, August 14, 2006

Life Policy Trusts - Is There A Choice?

Most life assurance companies offer 'standard' draft trusts for use with their policies. When some flexibility as to the choice of beneficiaries is required, almost all of the companies offer a flexible power of appointment interest in possession trust rather than a fully discretionary trust.
Monday, January 05, 2004

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