Motorbike and leathers: Why spousal bypass trusts still have a place in estate planning

Twenty years ago, when I worked for Scottish Widows, (and, no, I didn't flounce around in a black hooded cloak), the financial planning manager there taught me at great length about the history, uses, and tax-efficiency of trusts; particularly where life assurance and pensions were concerned. That training has stood me in good stead ever since; particularly given my subsequent involvement in trust-based pension arrangements and the use of ‘spousal bypass trusts' for drawdown death benefits.   Beyond the grave The primary advantage of trusts that was continuously drilled into me w...