Taking control over how wealth is inherited

In this short guide to the discounted gift plan (DGP), the inheritance tax (IHT) issues arising from the Budget changes and why this type of trust can be useful for your clients will be examined. Benefits toclients There are several benefits for clients. First, they are taking positive steps to control how their investment wealth is being inherited. The trust will identify the beneficiaries and might give flexibility to the trustees to later change them if required (for example, adding future-born grandchildren). Second, clients are also making a gift, which after seven years wil...