The Countless Benefits of an Asset Protection Trust in the UK

First of all, as the assets will technically no longer be in your possession, the estate you own will no longer be subjected to IHT after your passing. Inheritance tax in the UK is currently set at 40% for any pound over £325,000. This threshold can be increased by leveraging the nil rate band of your spouse and the residence nil rate band provided to your direct descendants. In the best-case scenario, with the aid of RNRB and NBR, the maximum leniency threshold for IHT can reach £1 million. What does this mean? In a nutshell, it means that the estate will not be subjected to inheritance tax as long as its value is below the million-pound mark.

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