IOU Discretionary Will Trust

For unmarried heterosexual couples and same sex partners who are not civil partners - If you and your partner are collectively worth over £325,000 ('Nil Rate Band' at 2010/11) and would like to save up to £130,000 in Inheritance Tax once both of you have passed away then you may wish to include in both Wills an IOU Discretionary Will Trust.

The testator/settlor may leave a letter of wishes with the trustees explaining why the trust was created and how the beneficiaries should be treated.

Learn more about Fixed Fee Trusts with our Trust FAQs.

Call us today on 01234 35 80 80 to speak to a member of our qualified team.

Premier Solicitors LLP is a Limited Liability Partnership registered in England & Wales, number OC319566.

Registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisors.

Premier Solicitos LLP is authorised and regulated by the Solicitors' Regulation Authority (SRA) of England & Wales with SRA number 443806, and is bound by the rules found in the Solicitorâ€™s Code of Conduct, a copy of which can be viewed at http://www.sra.org.uk/handbook/

Premier Solicitors LLP uses the word â€œpartnerâ€ to refer to a director of the company or an employee or consultant with equivalent standing. A list of the directors is available for inspection at our registered office, Premier House, Lurke Street, Bedford MK40 3HU. A list of members of the Chartered Institute of Taxation and ICSA is available at our registered office.

Commissioners for Oaths.
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Company address:
Premier Solicitors
Premier House, Lurke Street, Bedford, Bedfordshire, MK40 3HU
Telephone: 01234 35 80 80
Fax: 01234 34 81 12

Email: [email protected]