Today’s 30-somethings risk being poorer than their parents. In our quest to avoid impoverishing our children, we’re helping them get on the property ladder. We recall a case in the news a while back of a couple who spent £380,000 in legal fees in their attempt to prevent their estranged daughter-in-law walking off with half the cash they’d given their son to buy a house. How can we prevent such an ugly episode in our family? In short can we use a trust to avoid inheritance tax and other nasties?
P.S. The polite way to describe our son-in-law is ‘unreliable’.