Still worth trusting?

For many advisers, a conversation about critical illness cover, term assurance or whole of life (WOL) cover is not complete without approaching the subject of trusts. This type of arrangement has traditionally saved clients money by allowing them to escape Inheritance Tax (IHT) on the benefit paid out, while speeding up and simplifying the administration for trustees and beneficiaries. However, new laws set to come into force mean that advisers will now have to tread more carefully when explaining the benefits of trusts to clients as part of their protection review. Budget deal In this y...