IOU Discretionary Will Trust »
By incorporating these trusts into your Wills, you can save up to £120,000 in Inheritance Tax for your loved ones. They work by allowing you to leave your assets in trust rather than absolutely to your spouse. The surviving spouse may be allowed to borrow those assets from the trust, thereby creating a debt on their estate and reducing their Inheritance tax bill enormously. The great benefit of the IOU Trust over other versions is the increased flexibility it permits in the types of assets that Trustees can accept into the Trust.Through our contacts with other tax specialists it may be that you
can be shown ways of saving even more tax on top of that once your Wills have been written. Our links with major Trust Corporations mean we can also ensure that the trusts are set up in exactly the right way to after your death to meet all the requirements of The Capital Taxes branch of HMRC. These trusts also have the advantages of offering an element of protection for the estate held in trust.*
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We may be stating the obvious, but all initial consultations are free and without obligation. The ‘hard sell’ is not in either of our best interests.
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