Pilot Trusts Explained: Advanced IHT Planning

<pWhen planning your estate, particularly with a view to mitigating Inheritance Tax IHT, many individuals look beyond a simple Will. One advanced strategy that often emerges in discussions about sophisticated IHT planning is the use of 'Pilot Trusts'. While the concept might sound complex, understanding how Pilot Trusts work, their benefits, and their limitations can be crucial for those with larger estates or specific generational planning goals in England and Wales.</p <h2What is a Pilot Trus...