Very simple question but I just wanted to check what others are doing are you commonly drafting without the use of survivorship clauses now? my training was always to include but I appreciate and understand the complications that can occur with married couples, are most firms now not including and using trusts to establish the clients aims?
For the most part, I no longer include survivorship clauses for married couples – the IHT benefits of such a clause have disappeared, and I have seen too many such clauses have unexpected consequences, such as double legacies, when couples die within a short space of time.
Of course, for unmarried couples such provisions are still appropriate, as they do not benefit from the transferable nil rate band.