Increase in trusts used as IHT tool

The use of discretionary will trusts linked to offshore bonds as inheritance tax (IHT) planning vehicles has vastly increased since the publication of the Finance Bill earlier this year, according to Sovereign Will and Probate Services. Howard Fryer, chairman of Sovereign and senior partner at Fryer Chandler Solicitors, which produce all of Sovereign's wills, said Sovereign had seen a 40% increase in the number of discretionary will trusts being drafted for the clients of investment advisers by Sovereign since the publication of the Finance Bill. "It is clear that many investment adviser...