What type of trust is recommended?
It is important that the trust is flexible and can provide for almost any eventuality. Is a Gift Trust flexible? Yes, it permits the trustees to vary the ultimate beneficiaries under the trust. Can I (the Settlor) be a trustee? Yes, you can appoint yourself and another (your spouse, for example) as trustees. Alternatively, for a small annual fee you can appoint other institutions to be sole trustee. There are many solutions to reduce your IHT liability but so many fail to even effect one. The Revenue has been collecting this tax for nearly 1000 years and as such is very good at it. Today, they collect enough IHT in a month to fund the UK Armed forces for a year – do not let your estate go to the Taxman and get some proper independent advice today. For more information, contact: Tim Searle, CEO, Globaleye The author, Tim Searle, CEO of Globaleye, has been in Dubai for 10 years. Dubai-based Globaleye are an independent firm of advisors who provide unbiased business solutions to both Corp
