Back in fashion: Nil-Rate Band Discretionary Trusts
Explaining Nil-Rate Band Discretionary Trusts to clients can be a tricky thing. It requires the client to understand what a nil rate band is, what a trust is, how it works, what trustees do and what this means for their beneficiaries. It’s not an easy concept to grasp or explain! Nil-Rate Band Discretionary Trusts (NRBDT)…