New trusts from Zurich offer more inheritance tax planning options

Friday, 03 November 2006 12:00

Zurich has released new discretionary trusts offering intermediaries and their customers more options for inheritance tax planning.

The Sterling Discretionary Trust and the Zurich Discretionary Trust respond to recent changes to the taxation of some trusts.

Discretionary trusts offer greater flexibility than some other trusts including bare trusts.

Changes to beneficiaries can be made at any time during the trust period, and none of the trust fund is included in any of the estate for inheritance tax purposes.
The new discretionary trusts are available through the Sterling Bond and Zurich's Whole of Life plan.

The new Zurich discretionary trusts are designed to offer the flexibility to change beneficiaries.

These new Discretionary Trusts are offered in addition to those already offered in Zurich's suite of Trusts:

• Zurich and Sterling Absolute Trusts - Bare Trusts launched in July 2006
  
• Sterling Discounted Gift (Bare) Trust - launched in June 2006
  
• Sterling Loan Plan (Bare) Trust - launched in June 2006
  
• Sterling Discretionary Discounted Gift Trust - launched on 3 October 2006

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