John Humphreys: Trusts, trust and family wealth planning

It is a natural instinct to provide support to children and grandchildren - not least financially. Today a notable population of baby-boomers have benefitted from strong growth in house prices and prolonged comfortable wage growth, while their children are struggling with lower-than-expected income and a widely-unaffordable housing market. These families may well be wondering if and how they should pass some of their wealth between generations. These situations present both a need and an opportunity to consider inheritance tax (IHT). Our own research suggests that understanding ...