Cash clinic

Q: I have a number of elderly clients who are interested in using discounted gift trust arrangements to mitigate inheritance tax liability. I know there has been a court case recently revolving around whether a client was too old to derive any meaningful discount from such a trust. I was wondering if there is any hard and fast rule as to how old is too old for a DGT, and what strategies might be appropriate for clients who are deemed too old? A: Discounted gift schemes have become very popular in recent years. The most common form of these schemes is a trust where the settlor retains an i...