Using family trusts to save IHT is not just for the super-rich, but it does help to have had some well-advised ancestors…
No doubt you’ve read the press reports about the sixth Duke of Westminster who has arranged his financial affairs so that the bulk of his £9bn property portfolio passes to his son, Hugh, without having to pay much in the way of death duties.
So have you ever wondered how the very wealthy seem to pay little or no Inheritance Tax (IHT)?