Should I use a disabled person's trust or a discretionary trust?

Are you amid inheritance tax (IHT) planning and have a disabled family member to consider? This discussion explores the intricate decision between using a Disabled Person's Trust or a Discretionary Trust for IHT planning. Discover the advantages and considerations for each option and gain a deeper understanding of how these financial tools can impact your family's financial future.
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[@kalpnashah4030]

Really enjoy your educational videos we never had to think about this as house prices never reached this level in my life until now ! My parents never had this issue either. Always associated this with rich. Why are threshold so low in comparison ?

[@Inheritancetaxadvice]

Hi Kaplna - Why indeed? Like many other taxes in the UK this is growing taxation on the public by simply not adjusting allowances in line with inflation. The worst example of this is the £3000 annnual allowance for gifts person which has been the same since 1981. Allowing for average inflation of 3.5% per year this figure should now be £13,0020 - a significant difference