Hi Patrica,
I assume the trusts are for the grandchildren
? The trusts are established pilot trusts.
IHT 1984 s62 still allows for this type of planning, the trust post 2015 will not benefit from thier own NRB.
I assume the grandchildren are young? The only benefit now is the current planning is likely to reduce the 10 year an exit charge only.
I’d suggest the strategy is sound based on trying to reduce the effects of IHT 1984 s61.
If it’s related to reducing IHT based on multiple NRBs then I suggest a redraft. Pre 2017 death for that to work.
I might suggest an IPDI or 18-25 trust may be a consideration either way.
Richard Bishop
PFEP