The Flexible Gift Trust is suitable for clients
- Whose estate is likely to be liable to inheritance tax (IHT) on death, even if maximum use is made of exemptions, reliefs and the nil rate band
- Who are able to make an outright, irretrievable gift and have no requirement for access to the gifted amount or the income it generates
- Who want the flexibility to decide who should benefit, to what extent and when according to circumstances
- Who want control over when the funds are distributed and perhaps the purpose for which they are used
- Who would like to ensure that the gifted property is kept within the family and afforded some protection from claims by third parties
- Who wish to avoid any delay in distributing the proceeds of their investment which may otherwise arise where probate (or confirmation) is required before payment could be made
- Who are prepared to accept the reporting obligations and the possibility of tax charges which apply under the relevant property regime for IHT purposes
Features & benefits
Not for your client?
Take a look at our other Trust options.
Literature
Download application forms, key features, adviser and client guides from our Gift Trust literature.
Tools and calculators
Our online tools and calculators can help you make clear recommendations, including reports to support your recommendations and an audit trail for compliance purposes
