Lombard launches Wealth Preservation Trust

Lombard International Assurance has launched a trust product which helps investors eliminate their inheritance tax by discounting capital. The Wealth Preservation Trust (WPT) relies on the "carve out" principle that allows the investor to make a gift of capital. The trust aims to achieve a tax deferred income stream. Four variables of income are available at 2%, 3%, 4%, or 5% of the initial investment. According to estate duty, legislation needs to include a vehicle that would reap separate benefits for the parties involved in order not to be liable to inheritance tax. With a...