Inheritance Tax Avoidance UK 2026: Legal Ways to Reduce IHT — Gifts, Trusts, BPR, APR, Life Insurance, and Reliefs Explained
Legal IHT mitigation uses reliefs and exemptions written into IHTA 1984 — annual gifts, the 7-year PET rule, business property relief (BPR), agricultural property relief (APR), life insurance in trust, pensions, and charitable legacies. BPR/APR now subject to a £1m combined cap from April 2026.
IHT Avoidance Is Legal — It Means Using the Reliefs and Exemptions Parliament Built Into IHTA 1984
Annual exemption: £3,000/yr. Small gifts: £250/person. Normal expenditure from income (s21): unlimited. PETs — 7yr rule: survive 7yr from gift; 100% exempt. BPR: 100% on qualifying business assets (AIM shares, trading businesses) up to £1m cap (April 2026). APR: 100% on qualifying farmland up to £1m combined cap. Spouse exemption: 100% on gifts to UK-domiciled spouse. RNRB: up to £175k per person on qualifying home passing to descendants. Life insurance in trust: proceeds paid outside the estate. 10% charitable legacy: reduces IHT rate 40% → 36%. The NRB (£325k) frozen until 2030.
| Strategy | Rule / How It Works | Worked Example | Planning Guidance |
|---|---|---|---|
| Annual gift exemptions and small gifts | ANNUAL EXEMPTION (s19 IHTA 1984): every individual can give away up to £3,000 per tax year free of IHT — the gift falls entirely outside the estate immediately (no 7-year wait). Any unused annual exemption from the PREVIOUS tax year can be carried forward for ONE year only. Maximum annual exempt gift (using current year + carried forward year) = £6,000. SMALL GIFTS EXEMPTION (s20 IHTA): gifts of £250 or less per recipient per tax year are exempt — you can make as many £250 gifts as you like to as many different individuals as you like. You cannot combine s19 and s20 on the same recipient — but you can use s19 (up to £3k) on one recipient and s20 (£250) on a different recipient. WEDDING / CIVIL PARTNERSHIP GIFTS (s22 IHTA): gifts on the occasion of marriage or civil partnership are exempt up to: £5,000 to a child; £2,500 to a grandchild; £1,000 to any other person. These are per donor — so both parents can give £5,000 each (£10,000 combined) to a child on marriage. NORMAL EXPENDITURE OUT OF INCOME (s21 IHTA): gifts that are (a) part of the donor's normal expenditure; (b) from income (not capital); and (c) do not reduce the donor's usual standard of living — are fully exempt with no annual cap. This is the most powerful routine exemption for high-income donors. A retired professional giving £20,000/yr from a pension could exempt the full £20,000 annually — reducing the estate by £20,000 per year with no IHT and no 7-year wait. | EXAMPLE — ANNUAL GIFT PLANNING: Patricia (estate: £1.5m) makes annual gifts: £3,000 to son Ben (annual exemption — Year 1); £3,000 to son Ben (annual exemption — Year 2, also uses Year 1 carried forward: £6,000 in Year 2). £250 to each of 10 grandchildren (small gifts — Year 1: £2,500 exempt). Wedding gift: £5,000 to daughter Claire on her marriage. Over 10 years with consistent annual giving: Patricia removes approximately £30,000 from the estate (£3k/yr × 10yr) under the annual exemption alone — saving 40% × £30,000 = £12,000 IHT. Adding s21 (normal expenditure): Patricia's pension income £45,000/yr; expenses £25,000/yr; surplus £20,000/yr. Patricia gives £20,000/yr to her children from income (regular standing order). Over 10yr: £200,000 gifted; entirely exempt under s21 IHTA. IHT saving on £200,000 at 40% = £80,000. | PLANNING TIPS FOR ANNUAL GIFTS: (1) START EARLY — the annual exemption and s21 exemptions are use-it-or-lose-it: begin gifting as soon as the estate is likely to exceed the NRB (£325k). (2) DOCUMENT s21 GIFTS METICULOUSLY: keep records of income vs expenditure to prove the gifts come from surplus income, not capital. HMRC scrutinises s21 claims on death — failure to document can mean the gifts are treated as PETs (subject to 7-year rule). Use HMRC's IHT403 gift form during lifetime to record regular gifts. (3) USE DIFFERENT EXEMPTIONS ON DIFFERENT RECIPIENTS: you cannot stack s19 and s20 on the same person in the same year. But you can give £3,000 to one person (s19) and £250 to 10 others (s20 × 10 = £2,500). (4) WEDDING GIFTS: time any large gifts to coincide with a child's or grandchild's wedding to use the marriage exemption (up to £5,000 per parent to a child). (5) GIFT RECORDS: keep a gift diary — date, recipient, amount, reason, whether s19/s20/s21/s22. This simplifies the executor's job on death and avoids disputes with HMRC. |
| Seven-year rule — potentially exempt transfers (PETs) | POTENTIALLY EXEMPT TRANSFERS (PETs — s3A IHTA 1984): a gift from one individual to another individual (or certain trusts) is a PET. A PET is: EXEMPT FROM IHT if the donor survives 7 years from the date of the gift — the gift falls out of the estate entirely. CHARGEABLE if the donor dies within 7 years — the PET is brought back into the estate and taxed (subject to taper relief if death is 3-7 years after the gift). TAPER RELIEF (s7(4) IHTA 1984): reduces the IHT on a PET where the donor dies 3-7 years after the gift. Taper relief percentages on the IHT charge (NOT on the gift value itself): 0-3yr before death: 0% reduction (full IHT rate applies). 3-4yr: 20% reduction (80% of IHT). 4-5yr: 40% reduction (60% of IHT). 5-6yr: 60% reduction (40% of IHT). 6-7yr: 80% reduction (20% of IHT). 7+yr: 100% exempt (0% IHT). IMPORTANT: taper relief reduces the TAX CHARGE — but only once the gift exceeds the available NRB (£325k in 2026/27). If cumulative gifts in 7 years before death are below £325k: no IHT at all — taper relief is irrelevant. THE 7-YEAR CLOCK: the clock starts from the date of the gift (not the date of any trust settlement). For outright gifts to individuals: PET treatment applies immediately. For gifts into most trusts: chargeable lifetime transfer (CLT) — taxed at the lifetime rate (20%) at the time of the gift, with a further charge if death within 7 years. | EXAMPLE — PET AND TAPER RELIEF: David (estate: £900k, NRB: £325k) gives his son Michael £300,000 in June 2019. David dies in August 2024 — 5 years and 2 months after the gift. PET: the £300k is a PET (gift to an individual). David died within 7yr — the PET is chargeable. TAPER RELIEF: death is 5-6yr after gift — 60% reduction applies. IHT on the PET: the PET (£300k) is within the NRB (£325k — £300k is under the threshold). IHT on the PET = £0 (NRB absorbs it). Remaining estate on death: £900k − £300k (gifted) = £600k. NRB remaining after PET: £325k − £300k = £25k. IHT on death estate: 40% × (£600k − £25k) = 40% × £575k = £230k. COMPARISON — IF DAVID HAD NOT MADE THE GIFT: estate £900k. IHT: 40% × (£900k − £325k) = 40% × £575k = £230k. SAME? Yes — because the PET falls within the NRB. IHT is unchanged — but the gift has removed £300k from the estate for the children (though it used up the NRB). WHERE THE GIFT EXCEEDS THE NRB: if David had given £600k (above the NRB), taper relief in year 5-6 would reduce the IHT on the excess above NRB by 60% — a real saving. | PRACTICAL TIPS FOR PET PLANNING: (1) START THE 7-YEAR CLOCK AS EARLY AS POSSIBLE: each day the donor survives post-gift reduces the IHT risk. Do not postpone large gifts. (2) GIFT ORDER MATTERS: the NRB (£325k) is applied to EARLIER gifts first (on a FIFO basis). Large early gifts that exceed the NRB are subject to taper relief sooner. (3) CONSIDER WHOLE-OF-LIFE INSURANCE TO COVER IHT ON PET: if the donor makes a large PET but is in poor health: a 7-year decreasing term life insurance policy written in trust can pay the IHT if the donor dies within 7yr. The insurance benefit pays to the trust (outside the estate) and covers the IHT liability. (4) GIFTS WITH RESERVATION RULES (s102 FA 1986): a gift is NOT a PET if the donor retains a benefit from the gifted asset. Common trap: giving away the family home but continuing to live in it — the gift-with-reservation rules apply; the property stays in the estate until the reservation ends. (5) ASSOCIATED OPERATIONS (s268 IHTA): HMRC may combine a series of transactions to treat them as a single disposition — avoid contrived arrangements. (6) RECORD GIFTS CONTEMPORANEOUSLY: executors must report all gifts in the 7 years before death on IHT400/IHT403. Missing gifts can lead to HMRC penalties. |
| Business Property Relief (BPR) and Agricultural Property Relief (APR) | BUSINESS PROPERTY RELIEF (BPR — ss103-114 IHTA 1984): 100% BPR on: (a) an unincorporated business (sole trader or partnership interest); (b) an unquoted company (shares in a trading company not listed on a main stock exchange — AIM shares qualify); (c) shares or securities in a quoted company giving the transferor control. 50% BPR on: (a) shares in a quoted company where the transferor controls the company; (b) land, buildings, machinery, or plant used in a qualifying business or by a qualifying company. QUALIFYING CONDITIONS: (a) the property must be RELEVANT BUSINESS PROPERTY; (b) owned for at least 2 years before the transfer (minimum holding period); (c) not EXCEPTED PROPERTY (certain types of investment activity, cash-heavy companies, property letting businesses unless mixed with trading). FINANCE ACT 2025/26 — £1M CAP FROM APRIL 2026: from 6 April 2026, the combined BPR and APR relief is capped at £1 million per individual per death (or per trust per 10-year period). Assets above £1m receive 50% relief only (not 100%) — effectively a 20% IHT rate on the excess. This significantly limits IHT savings for large business or farm owners. AGRICULTURAL PROPERTY RELIEF (APR — ss115-124C IHTA 1984): 100% APR on agricultural property where the owner occupied it for agriculture for 2yr (owner-occupier) or 7yr (tenanted). 50% APR on tenanted farmland where the 2yr/7yr conditions are not met. COMBINED BPR + APR CAP (April 2026): the £1m cap applies to the combined total of BPR and APR qualifying assets — not separately. Planning must now actively manage the mix of BPR/APR assets in estates. | EXAMPLE — BPR POST-APRIL 2026: Graham owns an unquoted trading company (AIM-listed shares) worth £2.5m and a family farm worth £1.5m. Total qualifying business/agricultural assets: £4m. BPR + APR CAP: £1m. Relief on first £1m: 100% relief = £1m exempt. Relief on remaining £3m (above cap): 50% = £1.5m exempt; £1.5m chargeable at 40% = IHT of £600k. PRE-APRIL 2026: the entire £4m would have attracted 100% BPR/APR — IHT = £0. THE IMPACT: the £1m cap costs this family £600k in IHT compared to the old unlimited 100% regime. PLANNING RESPONSE: (a) consider lifetime gifts of BPR assets to children while 100% BPR is intact on the gift (PET + BPR: no IHT if survived 7yr); (b) use the capped relief efficiently by ordering assets in wills (BPR assets first, APR second); (c) consider an Employee Ownership Trust (EOT) for the business (100% CGT-free IHT-exempt on proper EOT sale — see s28A IHTA); (d) review life insurance to cover the new IHT exposure above the cap. | BPR AND APR PLANNING CHECKLIST (POST-APRIL 2026): (1) AUDIT THE ESTATE: identify all BPR/APR-qualifying assets. Does the combined value exceed £1m? If so, the 100% relief is partially lost. (2) LIFETIME GIFTING OF BUSINESS ASSETS: gifts of BPR-qualifying assets are PETs — if the donor survives 7yr, the asset leaves the estate entirely (plus any growth). BPR on the gift also means NO IHT on the gift even if the donor dies within 7yr (provided BPR conditions remain met and the donee still holds the asset). (3) REVIEW COMPANY STRUCTURES: investment companies or cash-holding subsidiaries within a group may disqualify BPR for the whole group. Reorganise so trading activity is clear. (4) CONSIDER DISCRETIONARY WILL TRUSTS FOR BPR ASSETS: placing AIM shares into a will trust allows trustees to manage the assets efficiently and use BPR within the trust (subject to the £1m cap applying separately to the trust after death). (5) SEEK SPECIALIST ADVICE: the April 2026 BPR/APR reform is the biggest change to agricultural/business IHT relief in decades. All existing estate plans involving business or farm assets should be reviewed with a specialist tax solicitor or chartered accountant. |
| Life insurance in trust, pension nominations, and charitable legacies | LIFE INSURANCE WRITTEN IN TRUST: a life insurance policy owned by the deceased forms part of the estate at death — adding to the IHT calculation. If the policy is WRITTEN IN TRUST: the policy proceeds are paid directly to the named trust beneficiaries, OUTSIDE the estate — no IHT. TYPES OF LIFE INSURANCE FOR IHT: (a) WHOLE-OF-LIFE POLICY IN TRUST: pays on death (whenever that is). If written in trust at outset: proceeds pass outside the estate on death — fully exempt. Often used to cover an anticipated IHT liability. (b) DECREASING TERM INSURANCE: covers potential IHT on PETs — the sum assured decreases over 7yr as the PET taper relief increases. (c) JOINT LIFE SECOND DEATH POLICY: pays on the death of the SURVIVING spouse — timed to cover IHT that arises on the second death (the first death is spouse-exempt; no IHT). The policy sum assured should match the anticipated IHT bill. PENSIONS AND IHT (CURRENT RULES — CHANGING APRIL 2027): CURRENTLY (2026): defined contribution pension funds (SIPPs, personal pensions) are outside the estate for IHT — pension death nominations pass outside the estate free of IHT. CHANGING FROM APRIL 2027: the Finance Act 2025/26 brings most unused pension funds within the scope of IHT from April 2027. Planning: ensure pensions are drawn down efficiently before age 75 (BCs); consider maximising pension contributions to spouse (IHT-exempt inter-spouse transfer on death). CHARITABLE LEGACIES (ss23 and 36-42 IHTA 1984): gifts to qualifying charities (UK registered charities) are fully exempt from IHT — with no cap. REDUCED RATE (s36 IHTA): where 10% or more of the net estate (after NRB, reliefs, and debts) is left to charity: the IHT rate falls from 40% to 36%. Can save significant IHT where the estate is moderate. | EXAMPLE — LIFE INSURANCE IN TRUST vs IN ESTATE: Sarah (estate: £900k; anticipated IHT: £230k) takes out a whole-of-life policy for £230,000 to cover the IHT bill. OPTION A (no trust): the policy forms part of Sarah's estate on death. Estate including policy: £900k + £230k = £1.13m. IHT: 40% × (£1.13m − £325k) = 40% × £805k = £322k (the policy has INCREASED the IHT bill). OPTION B (written in trust): Sarah writes the policy in trust immediately. On death: the £230k policy pays to the trust beneficiaries (her children) OUTSIDE the estate. Estate: £900k only. IHT: 40% × (£900k − £325k) = £230k — exactly covered by the policy. NET BENEFIT: the children receive the estate minus the IHT (paid by HMRC); the policy in trust provides the cash to settle the IHT bill promptly (avoiding delays to probate). CHARITABLE LEGACY EXAMPLE: Robert (estate: £700k; NRB: £325k). IHT without charity: 40% × £375k = £150k. Robert leaves 10% of net estate to charity: 10% × £375k = £37,500. Reduced rate applies: 36% × (£375k − £37.5k) = 36% × £337.5k = £121.5k. Tax saving vs no charity: £150k − £121.5k = £28.5k. Robert's children receive: £700k − £121.5k − £37.5k = £541k (vs £700k − £150k = £550k without charity). The children give up £9k in exchange for a £37.5k charitable gift — an efficient 'match-funded' gift. | PRACTICAL CHECKLIST FOR IHT MITIGATION: (1) ANNUAL GIFTS — maximise annual exemptions (£3k/yr; £250/person); use s21 normal expenditure from surplus income with proper documentation. (2) LARGE GIFTS (PETs) — start the 7yr clock early; use taper relief strategically; cover IHT risk with decreasing term insurance written in trust. (3) BPR/APR — audit business and agricultural assets; review whether the £1m cap (April 2026) requires restructuring; consider lifetime gifts of qualifying assets. (4) SPOUSAL EXEMPTION — leave assets to the surviving UK-domiciled spouse on the first death; claim the TNRB (transferable NRB) on the second death. (5) RNRB — ensure the family home passes to direct descendants (directly or via qualifying trust) to claim the Residence Nil-Rate Band (£175k per person in 2026). Taper: RNRB reduces by £1 per £2 above £2m estate. (6) TRUSTS — consider discretionary will trusts (s144 flexibility); discounted gift trusts; loan trusts; bare trusts for grandchildren. (7) LIFE INSURANCE IN TRUST — write whole-of-life policies in trust at outset; ensure joint-life second death policies match the IHT liability estimate. (8) PENSIONS — review nomination of beneficiaries NOW before April 2027 changes bring pension funds within IHT. (9) CHARITABLE LEGACIES — consider whether leaving 10% to charity reduces the IHT rate (40% → 36%) and creates a net benefit for non-charitable beneficiaries. (10) PROFESSIONAL ADVICE — for estates above £500k or involving businesses, farms, trusts, or non-UK domicile: specialist tax advice is essential. |
Inheritance tax avoidance UK 2026. Key provisions: s3A IHTA 1984 (PETs — 7yr rule); s7(4) IHTA (taper relief on PETs within 7yr of death); s18 IHTA (spouse and civil partner exemption — unlimited for UK-domiciled spouses; £325k cap for non-UK-domiciled spouse); s19 IHTA (annual exemption — £3,000/yr; unused amount from prior year carried forward one year only); s20 IHTA (small gift exemption — £250/person/yr; unlimited recipients); s21 IHTA (normal expenditure out of income — must be habitual, from income, not reducing standard of living); s22 IHTA (marriage and civil partnership gifts — £5k to child; £2.5k to grandchild; £1k other); s23 IHTA (charitable exemption — unlimited on gifts to qualifying UK charities); ss36-42 IHTA (10% charitable legacy — reduced 36% IHT rate where ≥10% net estate to charity); ss103-114 IHTA (business property relief — 100% on unquoted trading company shares including AIM; 50% on quoted control shareholdings; limited from April 2026 to first £1m combined with APR); ss115-124C IHTA (agricultural property relief — 100% owner-occupier; 50% tenanted farmland; same £1m cap); s8D-s8M IHTA (Residence Nil-Rate Band — £175k per person in 2026/27; requires residential property passing to direct descendants; reduced by £1 for every £2 of estate above £2m); s8A-s8C IHTA (transferable NRB — unused NRB from first spouse's death transfers to second on second death; claim within 2yr of survivor's death on IHT402); s102 Finance Act 1986 (gift with reservation — donor who retains benefit from gifted asset: asset remains in estate); s21A IHTA (pre-owned assets tax — annual income tax charge where donor benefits from assets given away after March 1986 without paying market rent); gifts into trust: CLT (chargeable lifetime transfer) taxed at 20% on value above NRB at time of gift; further charge on death within 7yr. Life insurance in trust: policies held absolutely by insured form part of estate (s5 IHTA); policies written in trust from outset: proceeds bypass estate entirely. Pensions (SIPPs): currently (to April 2027) outside estate under nomination system; from April 2027: unused pension funds form part of estate for IHT under Finance Act 2025/26 changes. NRB: £325k (2026/27); RNRB: £175k per person; total per couple: £1m (where home passes to descendants). BPR/APR cap from 6 April 2026: £1m per person per death (or per trust per 10-year period); above £1m: 50% relief only (effective 20% IHT); unlimited 100% APR/BPR abolished for assets above the cap. Discounted gift trust: donor gives a lump sum to an offshore bond in trust; retains a series of regular withdrawals (bare trust — no IHT on retained income stream); the gift element (discounted value of lump sum minus present value of withdrawals) is a PET; 7yr clock starts from the date of the gift. Loan trust: donor lends capital to a trust; the outstanding loan is deductible from the donor's estate (s162 IHTA); trust growth outside the estate; s162A IHTA restriction: loan deduction denied if funds used to acquire BPR/APR qualifying assets. Excluded property trusts (EPTs): assets of a non-domiciled individual in an offshore trust before acquiring UK domicile may be excluded property — but Finance Act 2025/26 significantly restricts EPT planning for long-term UK residents. HMRC IHT Toolkit: HMRC publishes an IHT risk guidance document; executors and advisers should consult for compliance. IHT avoidance schemes (disclosed tax avoidance — DOTAS): artificial schemes designed to avoid IHT using loopholes (not genuine reliefs) should be approached with extreme caution. HMRC actively challenges artificial IHT arrangements; the general anti-abuse rule (GAAR — Finance Act 2013) may apply. Legitimate use of statutory reliefs (BPR, APR, annual exemptions, PET rule) is NOT caught by DOTAS or the GAAR.
Frequently Asked Questions
Is inheritance tax avoidance legal in the UK?
Yes — IHT avoidance (more accurately called IHT mitigation or IHT planning) is entirely legal when it uses reliefs and exemptions written into the Inheritance Tax Act 1984 (IHTA). The IHTA creates numerous exemptions and reliefs — annual gift exemptions (s19), small gift exemptions (s20), normal expenditure out of income (s21), the seven-year rule for PETs (s3A), business property relief (BPR — ss103-114), agricultural property relief (APR — ss115-124C), spouse exemption (s18), charitable exemption (s23), life insurance in trust, and the residence nil-rate band (s8D). Using these provisions to reduce IHT is lawful planning — not evasion. IHT evasion (concealing assets, making undisclosed gifts, falsifying estate accounts) is illegal and carries criminal penalties.
What is the most effective way to reduce inheritance tax in the UK?
The most effective IHT reduction strategies depend on the size and nature of the estate. For most families: (1) maximise annual gift exemptions (£3,000/yr) and start gifting early to use the 7-year rule (PETs); (2) use normal expenditure out of income (s21 IHTA) — gifts from surplus income are exempt immediately with no annual cap; (3) write life insurance in trust so the proceeds fall outside the estate; (4) ensure the family home passes to direct descendants to claim the Residence Nil-Rate Band (£175k per person in 2026); (5) leave everything to the surviving UK-domiciled spouse first (spouse exemption) and plan the second death efficiently. For business or farm owners: business property relief (BPR) and agricultural property relief (APR) can exempt qualifying assets — but the £1m combined cap applies from April 2026. For high-net-worth estates: trusts (discretionary trusts, discounted gift trusts, loan trusts) and specialist advice on estate restructuring offer larger savings.
How much can you give away free of inheritance tax in the UK?
In the UK (2026): annual exemption: £3,000 per person per year (unused amount from the previous year can be added, making up to £6,000 in year 2). Small gifts: £250 per recipient per year (unlimited recipients). Marriage gifts: £5,000 to a child; £2,500 to a grandchild; £1,000 to anyone else. Normal expenditure from income (s21 IHTA): unlimited — all surplus income given as regular gifts is exempt immediately. Larger gifts (PETs — potentially exempt transfers): no IHT if the donor survives 7 years from the gift. The gift falls outside the estate completely on surviving 7yr. Additionally, the nil-rate band (£325k in 2026/27, frozen until 2030) and residence nil-rate band (£175k) effectively exempt the first £500k per person (or £1m for a couple) from IHT on death.
Does the seven-year rule apply to all gifts?
The seven-year rule (potentially exempt transfer — PET) applies to outright gifts from one individual to another individual, and to gifts into bare trusts and certain other qualifying trusts. A PET becomes fully exempt from IHT if the donor survives 7 years from the date of the gift. If the donor dies within 7 years, taper relief reduces the IHT on gifts made 3-7 years before death (from 80% relief at 6-7yr, down to 0% in the first 3 years). The 7-year rule does NOT apply to: gifts where the donor retains a benefit (gifts with reservation — s102 FA 1986: the asset remains in the estate until the reservation ends); most gifts into trusts other than bare trusts (these are chargeable lifetime transfers — CLTs — taxed at 20% on the lifetime rate immediately, with a further charge on death within 7yr); gifts of excluded property (non-UK situs assets of non-domiciled individuals).
Can I give my house to my children to avoid inheritance tax?
Giving your house to your children is technically possible as a PET (potentially exempt transfer) — but it only avoids IHT if you genuinely move out and stop living there AND survive 7 years from the gift. If you continue to live in the house after giving it away: the gift-with-reservation rules apply (s102 Finance Act 1986) — the house stays in your estate for IHT until you either (a) start paying a full market rent to your children, or (b) vacate the property. Paying market rent removes the reservation (the gift becomes a genuine PET from the date rent starts) — but the rent paid is taxable income for the children. Additionally, giving away the house may trigger capital gains tax for the children when they later sell it (they inherit your cost basis, not market value at gift date). An alternative: downsize and give away the proceeds, or consider equity release, or leave the house in a will trust for the children. Specialist advice is strongly recommended before transferring the family home.
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