I have recently taken on a client who would like to assign multiple life insurance policies totalling approximately £4.5m to a discretionary trust. The policies have only just been taken out so there shouldn’t be any immediate IHT concerns. I was wondering whether there were any advantages/disadvantages either way in creating a single discretionary trust to assign the policies or multiple discretionary trusts?
I would appreciate any assistance or recommendations.
Attwaters Jameson Hill