Settlor's rights

June 2009
Money Marketing;6/18/2009, p54
The article presents several options that a settlor can consider under a loan trust arrangement in Great Britain. They include the factor to demand repayment of the outstanding loan and gift cash and the choice to gift his right to the outstanding loan made by deed to be effective for legal and inheritance tax (IHT) purposes. Furthermore, it mentions the right of the settlor to give up his outstanding loan which would be a chargeable lifetime transfer if it was a discretionary trust.


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