How do I set up a trust for my grandchildren to avoid IHT?

How do I set up a trust for my grandchildren to avoid IHT?

How do I set up a trust for my grandchildren to avoid IHT?

I would like to set up a bare trust for the benefit of my two grandchildren until they reach 18. They are currently aged seven and nine. 

I would invest £50,000 for each child, with one of my daughters as trustee. I originally thought of an investment trust. However, judging by my own investments, I think I might be pushed to beat some…

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