Single woman with two minor children. Her estate is approx. £500K so would benefit from the RNRB. Is this available if the residuary estate, including her property, is placed into an 18-25 Trust? Parker’s 9th edition suggests it is though my understanding was that to qualify the gift re: the property had to become absolute at 18.
My initial thoughts were specific gift of property in Trust to 18 with residue in to a 18-25 Trust.
Thanks in advance
Parker Rhodes Hickmotts