The type of trust or solution most suitable for a client’s circumstance can widely vary depending on their position. Utmost has recently updated their Inheritance Tax Decision Tree – to support paraplanners in delivering good client outcomes.
Inheritance tax planning is a hot topic right now, in particular where unused pensions are to form part of a client’s estate from April 2027. The changes in legislation have added another layer to an already complex area.
Trust arrangements aren’t a simple matter either and selecting the right solution is important to ensure good client outcomes. Utmost’s Inheritance Tax Decision Tree is an incredibly useful tool, that enables paraplanners to work through a series of questions about their client’s circumstances, offering different solutions based on the answers given.
The tool could also be used by anyone working towards a trusts-based exam.
Utmost, who have supported Professional Paraplanner’s Future Adviser initiative, have lots of resources on their website to help paraplanners get into the technical details.
Their recent update to their Inheritance Tax Decision Tree is a great way of working through different client scenarios and offers a more visual experience for those wanting to have a better understanding of the high level details of trusts.
You can access Utmost’s Inheritance Tax Decision Tree here: Inheritance Tax Decision Tree – Utmost International
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