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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.