Nigel George TEP (Trust and Estate Practitioner) – Head of Private Client at Garner & Hancock – specialises in Will preparation, Estate administration, creation of Trusts, Trust administration, inheritance tax advice and elderly client issues including Lasting Powers of Attorney and Court of Protection applications. He’s a great believer in encouraging clients to plan ahead and believes it’s just as important to consider potential tax issues on death, as how to provide for old age.
In this podcast, the focus is on Life Interest Trust. Where a property is owned jointly it is worth considering whether you should create a life interest trust on the death of the first joint owner. This would normally be set out in your will. Nigel delves into how that can be done and the advantages and disadvantages.