Making a large gift and IHT implications?

Keep_pedalling

The reason these type of policies are relatively cheap is that the insurance companies only have to pay out in a small percentage of cases, so most people get no return on the money paid in, so unless you have something to protect such as an IHT liability an outstanding mortgage or the cost of child care for a surviving parent then I don’t think such a policy would be worth it.

macadam

Keep_pedalling said:

I would have thought an IFA would be a better option than a solicitor. 

You're right. 

The company are primarily Estate Agents with a 'Legal Matters department' tagged on,

The discussion was a joke, with me knowing more about the subject than him!

macadam

Keep_pedalling said:

The reason these type of policies are relatively cheap is that the insurance companies only have to pay out in a small percentage of cases, so most people get no return on the money paid in, so unless you have something to protect such as an IHT liability an outstanding mortgage or the cost of child care for a surviving parent then I don’t think such a policy would be worth it.

Thanks. That's a well explained explanation.