Inheritance Tax and Trusts English Style

Recent changes to the law governing inheritance taxes in England are detailed in Emma Simon, Inheritance tax: a question of trust, Telegraph, Aug. 22, 2007.  The article explains:

Changes introduced in last year’s Budget made setting up and running a trust unnecessarily complicated and cumbersome. Amazingly, the Revenue has seen the light and simplified the process. * * *

Tax doesn’t have to be complicated – but it invariably is, particularly when it comes to inheritance tax and estate planning. But in a rare move HM Revenue and Customs, last week announced plans to cut red tape and simplify the tortuous process many people have to go through when they are giving money or assets away.

Special thanks to Prof. Joel C. Dobris of the University of California-Davis for bringing this article to my attention.