Questions about the Discounted Gift Trust

How do we know it works?

Adrian Sacco, a director of Family Wealth Preservation Ltd, is recognised as a leading authority on this type of tax planning product. He conceived and devised similar products for no fewer than three well-known insurance groups, and several others have copied his successful formula. The Discounted Gift Trust uses principles that are accepted by the Revenue; in other words this arrangement has been tested, successfully, on many occasions.

What kind of immediate tax saving will I achieve?

That depends on several factors, but mainly on your life expectancy at the time you set up the trust. We will ask you some questions about your health, and depending on the answers we may recommend the services of an independent underwriter. That is nothing to worry about - the objective is to obtain an accurate "snapshot" of your health at time of setting up the trust, so that there is evidence to present to the Revenue later, should it be needed.

Why not simply use one of the similar schemes offered by financial institutions?

It is certainly true that a number of financial institutions offer off-the-shelf schemes of this type, some of which are modelled closely on Adrian Sacco's original arrangement. However, these schemes often provide little scope for tailoring to individual circumstances, and using them can be somewhat like trying to fit a square peg in a round hole. We don't think that is the best way to carry out important estate planning with your hard-won assets. We have a feeling you will agree!

Also, there may be occasions when a Discounted Gift Trust is not the best solution for your particular circumstances. Family Wealth Preservation Ltd can advise you accordingly, and can offer alternative solutions if appropriate, including fully bespoke arrangements that are designed to accommodate your precise circumstances.