We have two clients, Mr & Mrs - married, who are looking to draft their wills and they wish to allocate the sum equivalent to their combined NRB on second death to their children, with anything above this to charity. On first death their estate will pass to the surviving spouse.
They have been advised that they cannot make this stipulation within their wills as it is constituted as tax avoidance. Has anyone come across this before that can advise if this is correct?
Quilter Private Client Advisers