What are the potential conflicts of interest that can arise when advising on family wealth transfer?

Feb 25, 2025 ... If a discretionary trust is created to hold the life insurance policy, this is a chargeable lifetime transfer (CLT). A CLT is not chargeable up ... May 5, 2023 ... One of the main drawbacks is that it may involve complex legal documents, which can be challenging to navigate without proper guidance. Chargeable Lifetime Transfers (CLTs) are gifts made during an individual's lifetime that are taxed immediately. Unlike potentially exempt transfers (PETs) which ... Feb 25, 2025 ... Triggering a chargeable lifetime transfer if the client has a reasonable expectation of surviving seven years will result in the effective IHT rate on the AIM ... May 28, 2024 ... Chargeable Lifetime Transfers (CLTs) refer to a gift or transfer that does not qualify as a so-called Potentially Exempt Transfer (PET). The two main types are potentially exempt transfers (PETs) and chargeable lifetime transfers (CLTs). PETs are lifetime gifts made directly to other individuals, ... Dec 16, 2022 ... The Inheritance Tax rate for lifetime chargeable transfers is 20%. When making chargeable and potentially exempt gifts it is important to take ... What is a chargeable lifetime transfer? Gifts into a discretionary trust are considered chargeable lifetime transfers. Such gifts together with any previous ... Dec 4, 2023 ... When gifting consists of only making chargeable lifetime transfers (CLTs) into discretionary trusts, most clients will want to keep the ... A chargeable lifetime transfer is one that is neither an exempt transfer nor potentially exempt; in practice, this applies only to payment into a discretionary ...