Following changes to the inheritance tax regime in the 2006 Finance Act, the trusts were reviewed to comply with new legislation.
SLI’s trusts are still capable of assisting with the avoidance of costs and delays related to obtaining probate, protecting non-UK assets of non-UK domiciles and IHT planning opportunities for UK doms and residents.
SLI offers an absolute trust, bare trust for settlor, discounted gift trust, discretionary trust, excluded property trust, gift trust, loan trust and probate trust.
SLI technical officer Neil Chadwick says: “From simply negating the need to obtain probate, to undertaking IHT planning, trusts remain very useful tools and should not be overlooked. “