Absolute trust in planning

There is no doubt that, as a result of the Budget Day (22 March 2006) announcements around the inheritance tax (IHT) treatment of trusts, lump sum IHT planning using trusts has become much more complex. The various amendments to the Finance Bill tabled in early June have provided more clarity but have not removed any complexities. Clients, of course, still want advice on IHT planning; indeed the publicity around the Budget seems to have generated increased awareness of the need for planning. Sadly, clients always seem to want simple and straightforward advice and four page essays on the ca...