Although TiC (with life interest clauses etc.) provides a valuable protective measure, what are the members’ views on how it impacts upon the RNRB and, where the value is greater than NRB as whole, how one can retain the protective element whilst avoiding a first-death IHT event?
I have in mind a wording that limits the value to the total available NRB, but am concerned that this would reduce the protective element.
Season’s Greetings to you all.
Tony Gimple
Planned Succession