Gift Inter Vivos can protect dependants against a potential inheritance tax liability if your client dies within three to seven years of making a gift. It typically entails taking out five single life level term policies that would run for three, four, five, six and seven years respectively, with each covering one-fifth of the potential IHT due on the gift to match the decreasing liability.
We recently created a new adviser sales aid that explains the Gift Inter Vivos policy in more detail.
