Trust in focus
Discounted Gift & Income Trust (DGIT)
- Choice of flexible (discretionary) or fixed (absolute) Trust
- Trust-based plan means trustees aren't locked up into a particular investment or product provider
- Basis for agreeing discounts agreed with HMRC
- Wide range of investment funds
- RDR friendly product charging options
- Complete range of support material (fixed & flexible) including draft suitability paragrahs, completion guides and servicing deeds.
- DGIT and joint settlements oportunities
Find out more: Fixed DGITFlexible DGIT
Opportunities in the market
Discretionary trust taxation
Today, any trust which is executed in lifetime with any element of flexibility is taxed under the relevant (discretionary) property regime. Our material guides you through discretionary trust taxation. We begin with order of planning, inheritance tax on creation, exit charges, periodic charges and reporting requirements . We also provide detailed information on completion of the IHT100 within our Trusts features and benefits.
Trustee Investments
Following Trustee Act 2000 and Charities and Trustee Investment (Scotland) Act 2005, most trustees will have the power to invest in any assets as they see fit. They do however, have an overriding duty of care to ensure they invest in accordance with the terms of the trust. We have a range of material to help in this area, including a guide, fact sheets and other articles.
Estate planning
Death and taxes are the two certainties in life. So does your client have a valid will?
We have a range of articles to help you and your client to plan ahead.
Powers of attorney
Registered? Unregistered? What are the differences and what implications does this have? All the relevant forms and guidance documents can be found on the Office of the Public Guardian and the Office of the Public Guardian (Scotland) website. Our material is intended to provide an overview of the subject.
Long term care
The charging arrangements for residential care which is supported by the local authority are reviewed on an annual basis. The guidelines can be found on the Department of Health website. Our material provides an overview of some of the planning aspects.
Trusts
Does your client wish to make a gift or do they need to retain access?
Our trust plans are designed to take account of these varying estate planning needs and are primarily designed for use with our investment bond. Our Trusts products guide you through the suitability and benefits of setting up a particular trust and also provide details of the process to follow. Some of our trusts are offered on both a fixed (absolute) and flexible (discretionary) basis.
Products
Trusts
We have a range of trusts available which are primarily designed for use with our investment bond.
