Can Pilot Trusts be used tohold assets out of the estate for IHT purposes - i.e. Life assurance proceeds
Cautious answer is yes but the policy has to be in the pilot trust before the proceeds become due and payable. Once the proceeds have become part of the estate for IHT it’s too late. Not clear in what circumstances a pilot trust would have a role compared to any other trust to hold a policy so it is outside the estate.
Jack Harper
Are you by any chance looking at the proceeds from an employer’s DIS scheme?