How and when to use a nil-rate band trust

How and when to use a nil-rate band trust

Nil-rate band trusts were a common feature of inheritance tax planning until 2007. Until then, the estate of a married couple attracted just one nil-rate band, meaning that on the second death (when the surviving partner’s estate usually contained the family home), the family would face a substantial Inheritance Tax liability often resulting in the […] The post How and when to use a nil-rate band trust appeared first on Bishop & Sewell.