Advisers recommending imputation bonds to sidestep will worries
Friday, 29 January 2016 12:38pm

Advisers are increasingly recommending that retiree clients use imputation bonds to safely deliver bequests to beneficiaries, according to Austock Life head of IFA product and relationships Richard Atkinson.

Imputation bonds differ to traditional entitlements because they are often specially designed to be "untouchable" in case of disputed wills. Further, Atkinson added, they can have multiple beneficiaries, suit a range of bequest sizes and are tax-effective.

"Another result of using insurance bond nominations for non-estate bequests is that these can be made in secret because these types of inheritances are not subject to probate procedures (and costs) and hence, are not brought within the public domain," Atkinson added.

"While using an investment bond is not necessarily the solution for all of a client's estate planning needs, it can effectively transfer wealth between generations to reflect the client's desired outcomes," he concluded.

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