Help trustee clients manage the impact of periodic charges

For advisers in the estate planning market, 22 March 2006 will always be remembered as the date the landscape for trust-based planning significantly changed. Prior to this, the periodic and exit charges of the relevant property regime had been limited to discretionary trusts. In the March 2006 Budget, however, the relevant property regime was extended to include other types of trust, including interest in possession trusts. The changes were wide-reaching, with only bare trusts, together with those that conferred an immediate post death interest and those for certain vulnerable beneficiar...