This was a headline in the FTAdviser this week. In summary, a client had expressed a desire to undertake some estate planning by placing an investment bond in a discounted gift trust. However, the client didn’t qualify for the life insurance that was part of the trust arrangement due to poor health and it seems the estate planning aspect of the financial plan was forgotten.

I think using a BPR based solution should at least have been considered. It’s not going to be appropriate for everybody, but the short time frame to achieve IHT relief with no need for medical underwriting suggest that BPR could have been suitable here.

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