I have a scenario whereby the clients have a combined estate of £2.9 million and all assets are passing to each other on death thus meaning they receive no benefit from the RNRB. However if we were to suggest that they seek legal advice and have some of the assets passing to a trust on first death, thus ensuring that the second to die does not have an estate in excess of £2 million, would this effectively bring the RNRB back into play? What sort of trust would best achieve this? I am thinking IPDI does not work unless we make the kids the IPDI beneficiary which is unlikely to sit well but can anyone suggest anything else?
Anne Slater-Brooks
Downing