Stephen Haggett is a member of the Society of Trust and Estate Practioners and Solicitors for the Elderly
Some commentators have suggested people will not be able to benefit from the new residence nil-rate band allowance if they include discretionary trusts in their wills. But Stephen C Haggett argues that flexible will trusts are still an invaluable part of estate planning
Too many solicitors rely too heavily on the transferrable nil-rate band to protect clients’ estates after death, says Stephen Haggett. Could flexible discretionary trusts be the answer?