Discretionary will trusts – pros and (some) cons
Nov 1 2007
The removal men may have been to, and gone from, 11 Downing Street, but in one respect there seems to have been no change in the way fiscal policy is developed. Yet again, practitioners and their clients have been taken by surprise by a dramatic change in the basic structure of inheritance tax. Yet again, there are questions as to whether even recent and carefully drawn wills may need to be picked apart for re-drafting, simply to take account of the latest changes in the IHT Act 1984.