Hoping someone can help here…
Clients hold Wills that create an IPDI for their home residence on first death. House worth £900k.
On second death, entire estate, circa £1.2m is to be left in two Discretionary Trusts- one for each child. The reason for the DT’s being that the clients are concerned about their children’s marital relationships.
My question here is as follows:
At the time of the second death, when the estate is left to the children, could a variation/appointment (s142/s144) be made, to leave the inheritance directly to the two children, rather than in the DT’s, and would this help to capitalise on the RNRB?
Any help would be much appreciated.
Thanks in advance.
April King Legal