The trusts have been developed in response to growing demand for estate planning solutions
AJ Bell Investcentre has launched two new estate planning trusts, with a third to follow, to boost options for advisers involved in estate planning.
The open architecture solutions, a discretionary gift trust and an absolute gift trust, have been designed to give advisers more solutions as inheritance tax changes pull more families into HMRC’s net.
A third discretionary loan trust will follow and enable access to GIAs through an onshore bond.
The trusts have been developed with Technical Connection and are available on the AJ Bell Investcentre advised platform.
Mark Rendle, advised product director at AJ Bell, said: “We know that intergenerational wealth transfer is one of the most fundamental aspects of an adviser’s commitment to their clients, but it can be devilishly complex.
“That’s why we’ve broadened our IHT and estate planning offering for advisers by introducing more options with a wider range of underlying investments to protect client wealth in the form of the two trusts launched, with a third trust and onshore bond in the pipeline.”
Research from AJ Bell and Ad Lucem found that 63% of advisers see IHT and estate planning as an important or critical part of their proposition, with four in five advised clients saying IHT planning is an important part of the advice they expect.
Three-quarters (76%) of advisers also stated they would value access to open architecture investing through a range of trusts with full provider support.
AJ Bell will also provide a range of supporting documents for the ongoing administration of the trust as well as adviser and client guides to support selection, implementation, use and education regarding the legal and tax implications of the trust solutions offered.
