Guild Wars Guild

[qdnto15z]

What if you have already set up a Discretionary Will Trust?
These are just some of the issues that need to be considered when drafting a will and giving thought to whether a nil-rate band trust should be inserted in the will or assets left outright to the surviving spouse/partner.
3. Where it may be desired to avoid children inheriting assets [url=http://www.batfriendtrust.it]hogan outlet[/url] outright.
Article Tags: Nil-rate Band, Surviving Spouse
This could be achieved using a life interest trust in the will, with income payable to [url=http://www.lotogame.fr/louboutin-pas-cher/]louboutin[/url] the surviving spouse [url=http://www.sandvikfw.net/shopuk.php]hollister sale[/url] and capital to the children from [url=http://www.teatrodeoro.com/hollisterde.php]hollister deutschland[/url] the first marriage. The downside to this route is that it lacks flexibility, especially if there is an intention [url=http://www.tileproject.net]barbour sale[/url] to make capital payments to the widow or widower by way of an interest-free loan.

By being proactive you could soon be utilising estate planning [url=http://www.ttcarpets.co.uk]mulberry outlet[/url] strategies that you didn't even know existed!
By passing assets to them via a trust, it will mean that they are protected from the claims of creditors and ex-spouses.
(The Nil-rate Band is currently £300,000, and upon death a tax rate of 0% applies to the estate value up to this amount).
By leaving assets to a trust on first death, those assets will not [url=http://www.diecastlinks.co.uk]hollister outlet[/url] count as part of the surviving spouse's resources for the purposes of the local authority charge. Indeed, the split ownership of certain assets between the trust and surviving spouse may reduce the value of the asset in the hands of the surviving spouse [url=http://www.villazuki.it]woolrich outlet online[/url] (for example in the case of [url=http://www.mquin.com/pjsdoudoune.php]parajumpers pas cher[/url] a private [url=http://www.tileproject.net]barbour outlet[/url] residence).
The Financial Tips Bottom Line:
Summary
This is generally true, but there will still be a number of occasions when you may want to establish a discretionary will trust:
2. Where there may be a desire to avoid assets being available to the local authority in the [url=http://www.lotogame.fr/hollisterfrance.php]hollister pas cher[/url] event of the survivor going into care.
It is thought that the most flexible route will be to retain the trust in the will and then review matters after the first death.
Since Alistair Darling's Pre-Budget Speech on October 9 2007, there have been a number of [url=http://www.tagverts.com/barbour.php]www.tagverts.com/barbour.php[/url] reports in the press stating that [url=http://www.thehygienerevolution.com/hollister.php]www.thehygienerevolution.com/hollister.php[/url] will planning using the nil-rate band of the first of a married couple to die will no longer be necessary as you can now transfer the nil-rate band between spouses and civil partners.

Source:
4. Where further Inheritance Tax could be available by the trustees of the will trust making loans to the surviving spouse.
Tax and will planning can be quite a technical subject, therefore it is VITAL that you get the right professional advice from an expert who can [url=http://www.davidhabchy.com]barbour outlet[/url] guide you through your options.
1. Where a partner wants to benefit their children from a former marriage on first death.
This creates a debt and so reduces the taxable estate of the survivor on his or her subsequent death (however be aware there could [url=http://www.riad-marrakesh.fr]www.riad-marrakesh.fr[/url] be a restriction on the ability to deduct the loans from the survivor's taxable estate.
相关的主题文章:


[url=http://park2.wakwak.com/~rikabon/cgi-bin/joyful/joyful.cgi]giuseppe zanotti pas cher Yac[/url]

[url=http://cgi.www5d.biglobe.ne.jp/~riding/aska/aska.cgi/http:/https:/r-forge.r-project.org/t]www.riad-marrakesh.fr Relocat[/url]

[url=http://dreamer.bne.jp/arata/aska2/aska.cgi]abercrombie Get Middle Back P[/url]