I have 2 clients who are equal shareholders in a business and have a total of 6 life policies (three on each life) for £1 million each.
They want to set up pilot trusts to receive the LA benefit should they pass away. I’m not sure how to value the policies for NRB purposes for entry and periodic charges. This problem also directly impacts on how many pilot trusts should be created, i.e. one per person or one per policy.
Can anyone advise please?
Holistic Estate Planning Solutions Ltd