Scottish Life International (SLI) is to launch a modified probate trust which will be available to i...
Scottish Life International (SLI) is to launch a modified probate trust which will be available to international investors after the Finance Bill becomes law in late July. Gerry Brown, technical manager at SLI, said while transfers to a traditional probate trust would soon be subject to inheritance tax (IHT) following the Government's announcement earlier this year that it would fall under the discretionary trust regime, it was still possible to use a trust to avoid probate. He explained: "We have taken legal advice and are drafting a new version of the structure. We hope to provide dra...
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