Page 8 - Finance North - E State Planning Service

Typical solution

for single person

Estate Value Estate Value
under over
£325,000 £325,000

Will Will

Family Family Family
Trust Trust Trust

If the value of the estate is over the Nil Rate

Marriage after Death Band (£325K), Multiple Trusts will be established
so that each Family Trust holds less than the
x Care Costs NRB. This ensures that they do not incur

periodic and exit charges. Each Trust receives
Divorce an equal value allowing for growth within the

Creditors/Bankruptcy Trust Funds. The Beneficiaries have access to
the Trust Funds but do not enter their estates, so
Generational IHT are protected from attack by the following: Care,
Marriage After Death (MAD), Creditors or
Residence Nil Rate
Bankruptcy, Divorce & Further or Generational
Band IHT.
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