I want my money back: The most common IHT arrangements

The main reason people do not give away large lump sums to save IHT, even if they can afford it, is because they are concerned as to what the recipient would do with their gift. In the words of the legendary George Best, 90% of the gift could go on women, drink and fast cars and the rest wasted. But there are also more salient concerns, such as that the donee may become bankrupt, be subject to a divorce settlement or lose their gift in other ways. So trusts are used to reassure people that they can make substantial gifts to save IHT and the gift will not be frittered away or wasted. ...