IHT Planning for Spouses in Wills to Maximise Opportunities
Details
- Date: Wednesday 22nd March 2023
- CPD Hours: 1 hour
- Expires after: 120 Days
- £25 Plus VAT
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With the Inheritance Tax (IHT) Nil Rate Band (NRB) and Residence Nil Rate Band (RNRB) both frozen for more than another 3 years (until April 2026), it’s vital for IHT mitigation for spouses to plan so that they are not wasted. Likewise, reliefs for business and agricultural property (BPR & APR) at 100% are too good to waste, so in this talk we will consider:
- Effective will drafting to utilise the NRB & RNRB, as well as any transferable from late spouses estates
- Using trusts to avoid losing the RNRB to taper on estates over £2m
- Trust options for assets qualifying for BPR & APR and how to adapt to changes
- Options for will planning for spouses without descendants or who don’t qualify for RNRB.
John Bunker, Solicitor, Chartered Tax Adviser and Lecturer
£25.00 + VAT
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Speakers
John Bunker
Solicitor, Chartered Tax Advisor and Lecturer
Solicitor, Chartered Tax Adviser and Lecturer