Scottish Life International (SLI) has revamped its loan trust and added a discounted gift trust to i...
Scottish Life International (SLI) has revamped its loan trust and added a discounted gift trust to its range. The loan trust is an inheritance tax planning product for individuals who do not want to make significant outright gifts. It has a discretionary trust foundation (as opposed to an "interest in possession" trust foundation) which offers a slightly greater degree of flexibility in trust administration, greater protection for the trustees against claims from disgruntled beneficiaries and a more "anonymous" trust with no identified beneficiaries. Alan Blackburne, head of UK sales at ...
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