Hello Forum
Trust Y creates an immediate post-death interest/IPDI.
So has the potential to use the residential nil rate band/RNRB IHT allowance if available.
Is it important for the IPDI Asset to be irrevocable passed to a life tenant A so it can use the residential nil rate band?
It has just entered my thinking possibly if the IPDI was revocable and a life interest was not passed to a new life tenant immediately, the first life tenant A would also become a settlor of the Trust Y as well.
regards
Andrew
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