I am married have 2 sons a house and investments that total more than the IHT threshold.
My aim is (after 7 years) to "on paper" own no assets or investments - effectively handing over my assets to my 2 sons.
I would like to have an agreement in place by which I can
a) receive an income from the inveetments
b) have access to funds should I need them
Does anybody know of a framework, possibly using promissory notes that I could use to avoid excessive IHT and income tax on the money I receive?
Doug
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