Realigning of Assets

In order that the assets can pass into the discretionary trust, both the husband and wife should own assets in their own right that can be left to the trust.

It is normal that individuals hold assets jointly. Jointly owned assets, such as those held in joint tenancy, would normally automatically pass to the surviving spouse and so would prevent this type of planning.

You should consider severing the joint tenancy and setting up your assets as tenants in common.

This would mean that assets could easily be split on death to use for tax planning.

Call one of our Inheritance Tax Advisers on 0800 0112825 or complete the
enquiry form in confidence to see how we can assist you.

Click on the links below to discover more solutions to Inheritance Tax.

• Life Insurance To Pay the Inheritance Tax
• Inheritance Tax Trusts
• Nil Rate Band Discretionary Will Trust
• Purchased Life Annuity
• Business Property Relief
• Realigning of Assets
• Other Inheritance Tax Exempt Gifts