TArcher_Quilter

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Username: TArcher_Quilter
Joined: March 3
Visits: 9
Last Active: March 23
Roles: Member

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Hi, The assignment to a bare trust will not alter the initial gift made - The £20k chargeable lifetime transfer (CLT) will still stand and only leaves the estate if the settlor survives the usual seven years. There is a potential for an exit …

in Gift out of discretionary trust into bare trust Comment by TArcher_Quilter March 19