When should my mum give trust money to her grandchildren to avoid tax?

When should my mum give trust money to her grandchildren to avoid tax?

When should my mum give trust money to her grandchildren to avoid tax?

Just over seven years ago my mother put a bond, which is now worth £80,000, into a bare trust in equal shares for her five grandchildren with a view to avoiding inheritance tax (IHT). She is still alive.

She and I are trustees, and both agree that the grandchildren (now aged between 24 and 30) would benefit from the money now…

View On WordPress