Life Policy Trusts

12 April 2024

Providing for inheritance tax (IHT) on death through life assurance - what you need to know
How a life assurance policy can be used to insure against the possibility of an IHT liability and what type of policy is appropriate

04 April 2024

Discounted Gift Trusts - what you need to know
The ability to make a lifetime gift that is effective for inheritance tax while retaining access to a regular flow of capital payments by using a Discounted Gift Trust

22 March 2024

Loan trusts - what you need to know
How a Loan Plan works

29 January 2024

Tax implications of releasing loans under a loan trust during lifetime
The tax implications arising on releasing loans under a loan trust during lifetime

26 January 2024

Can a loan trust be used with collectives?
Whether or not a loan trust can be used with collectives

23 January 2024

The importance of dealing with any outstanding loan on a loan trust
The options available for dealing with any outstanding loan on a loan trust/loan plan

19 January 2024

IHT benefits of setting up a loan trust - case studies
How a loan trust could be a suitable estate planning solution for those who are unsure whether or not they require access or wish to make a gift.

11 January 2024

Round up of recent updates to the Trust Registration Service (TRS) process and TRS Manual
Recent updates made to the Government guidance on the TRS trust registration and management process and to HMRC�s TRS Manual

13 December 2023

Isle of Man Trusts and Trustees Act 2023 now fully in force
The Trusts and Trustees Act 2023, which is now fully in force having been introduced as a Bill into the Isle of Man Parliament in 2022. The Act received Royal Assent in July this year and aims to modernise Isle of Man trust law through amendments to existing legislation

05 December 2023

Taxation of trusts reform and trustee investment strategies
The reform of trust taxation (since 2003) and its impacts on investment strategies of trustees

30 November 2023

Pre-owned assets tax (POAT) and life policies in trust
Impact of POAT on different life policy trusts

16 November 2023

Beneficiaries paying premiums under protection policies held in trust
The merits in, and tax implications of, adult beneficiaries paying premiums under IHT providing protection plans

15 November 2023

IHT planning through life policy trusts - a summary of the impacts of Finance Act 2006
The main impact of FA 2006 changes on new and existing life policy trusts

03 November 2023

Discounted gift trusts - in detail
Discounted gift trusts, including their advantages and disadvantages

01 November 2023

Loan trusts - gift and loan using a flexible/discretionary trust
Structure and operation of flexible/discretionary gift and loan trusts

30 October 2023

Loan trusts - gift and loan or loan only using a bare trust
Structure and operation of bare loan trusts

30 October 2023

Loan trusts - loan only using a flexible/discretionary trust
Structure and operation of flexible/discretionary loan trusts

27 October 2023

Loan trusts/loan plans - a quick guide
How loan trusts/loan plans work, and who they are useful for

25 October 2023

Loan trusts - 'same-day' additions where there are multiple settlements
A consideration of the inheritance tax implications where the settlor waives the loan in favour of the trust either in lifetime or on death

20 October 2023

Why trustees use bonds as trustee investments - a case study
Why bonds can be a useful investment as part of a client�s overall portfolio. Bonds can be particularly useful for trustees when it comes to choosing investments for trusts