IHT trust measures to affect 1 in 10 adults

It says the changes, which also affect accumulation and maintenance trusts, mean around 4.5 million insurance policy trusts will need reviewing and probably updating, along with millions of wills. With no consultation on the proposed changes, Skandia says there could be many unintended consequences, for example forcing assets to be sold to pay tax on first death will be a disaster for ordinary families, and forcing beneficiaries to inherit at age 18, when financially inexperienced, could be a disaster for social policy. Colin Jelley, head of tax and financial planning at Skandia, and ...