Discounted Gift Trust (Bare or Discretionary)

A trust which your client, the settlor, creates by means of a gift, but under the terms of which they retain the right to receive certain ‘income’ payments which may continue for the whole of their life or until the fund has been exhausted.

The Discretionary version allows the trustees to amend the beneficiaries, whereas the Bare version names the beneficiaries at outset and these cannot be changed.

Read about the Discounted Gift Trusts

How an Old Mutual Wealth Discounted Gift Trust can help you

Informer articles:
Things to consider when choosing a Discounted Gift Trust
IHT planning and a Discounted Gift Trust

Watch this Techcellence video Discounted Gift Trusts.

Visit the Trustability Hub for useful support materials about trusts.

Visit the Trust Form Finder to access all the forms you will need to set up a trust. 

Please Note