Clients (married couple) are potentially taxable as are their parents.
Parents live with clients in the family home (owned by the clients who are their son and wife).
Clients wish to include LIT for parents to protect their right to remain in the property if both Clients predecease. This would of course lose the Clients RNRB. Is there any way to retain the RNRB in this situation?
They currently want Wills to include residue to each other, on 2nd death LIT for parents and residue to children (currently 12/13 years).