Time to take stock as autumn approaches

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One billion pounds is an awful lot of money. Imagine paying that in tax if you didn't need to. It hardly bears thinking about, and yet that could happen this year if people continue to fail to put life insurance policies in trust.

Typically there are no additional costs involved when putting a policy in trust, yet consumer awareness of the benefits seems low. Reducing an IHT bill and avoiding probate are surely options worth exercising, yet too many people are failing to do so.Trusts do not need to be complicated, but many clients are simply unaware of what they can offer, which is further evidence of the need for financial advice. Changing tack slightly, one thousand boats is an awful lot of sail, and what a pretty sight it makes. If the subject of overpaid tax has been a little taxing of late, I can suggest nothin...

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