Only few weeks left to change Flexible trusts

The decision to change beneficiaries, who receive income from the trust, will vary from client to client, according to Standard Life' s Julie Hutchison, estate planning specialist. She previously said the change in rules presents a great opportunity for trusts where the trust interest can now be passed down to the next generation. “Some trustees will deliberately want to wait to change the income beneficiaries after 6 October so that the new rules apply, the result being that the value of the trust assets is no longer aggregated with the estate of the beneficiary. "There is no hard and f...