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Spouse life interest over residue with trustee-selected charitable remainder: tax-efficient will structures and residence nil rate band availability

Published on: 02 April 2025

Published by a LexisNexis Private Client expert
Legal News
Article summary

Refer to the Q&A: Which options are open to an individual who aims to pass their residuary estate, in a tax‑efficient manner, on trust for a spouse for life, followed by a flexible charitable benefit with the trustees choosing the charitable recipients? Would the estate qualify for the residence nil rate band?

Charitable Will trusts

Practice Note: Will drafting—gifts to charities, particularly the section entitled ‘Charitable Will trusts’, explores ways in which a person may place assets on trust for charity. Although charitable trusts are, in principle, treated as relevant property for IHT, legislation intervenes to exempt property held solely for charitable purposes, whether for a limited period or otherwise...

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