Scottish Life International draft trusts remain beneficial

Scottish Life International has evaluated its range of draft trusts and is pleased to announce that they remain appropriate in the post budget environment.

Following IHT changes to trusts in the 2006 Finance Act, Scottish Life International reassessed its range of trusts to comply with new legislation.

Scottish Life International's draft trust range can be beneficial to a broad selection of investors. Their trusts are capable of assisting with the avoidance of costs and delays associated with obtaining Probate; protecting non-UK assets of non-UK domiciled investors from the negative effects of IHT, as well as IHT planning opportunities for UK domiciled/resident investors.

The draft trusts that Scottish Life International offers include the Absolute Trust; Bare Trust for Settlor; Discounted Gift Trust; Discretionary Trust; Excluded Property Trust; Gift Trust; Loan Trust and Probate Trust.

Neil Chadwick, Technical Officer at Scottish Life International commented, "From simply negating the need to obtain Probate, to undertaking IHT planning, trusts remain very useful tools and should not be overlooked."