20 Dec Using a discretionary Will trust to reduce inheritance tax
Inheritance Tax BPR (business property relief) is too valuable to waste. Will trusts are a great means of avoiding wasting BPR. A discretionary trust has the advantage of enormous flexibility, since the chosen trustees (usually the executors named in the Will, who may include a spouse) can be given complete discretion over the manner in which company shares, and any proceeds of sale, are applied for the benefit of a broad class of family beneficiaries. If you run a business, you can substantially reduce your inheritance tax burden by using a discretionary Will trust and utilising BPR. For more information, please feel free to contact us to arrange an informal discussion.