Trust rescinded after mistake as to IHT consequences (High Court) | Practical Law

Trust rescinded after mistake as to IHT consequences (High Court) | Practical Law

A trust could be rescinded for equitable mistake where the settlor had not realised that setting it up would lead to an immediate IHT charge, the High Court has held (Freedman v Freedman and others [2015] EWHC 1457 (Ch)).

Trust rescinded after mistake as to IHT consequences (High Court)

Practical Law UK Legal Update Case Report 7-615-0805 (Approx. 3 pages)

Trust rescinded after mistake as to IHT consequences (High Court)

by Practical Law Private Client
Published on 29 May 2015 • England, Wales
A trust could be rescinded for equitable mistake where the settlor had not realised that setting it up would lead to an immediate IHT charge, the High Court has held (Freedman v Freedman and others [2015] EWHC 1457 (Ch)).