Commentary

I12.1122 Wills of married couples or civil partners—nil-rate band discretionary trusts

IHT, trusts and estates

I12.1122 Wills of married couples or civil partners—nil-rate band discretionary trusts

I12.1122 Wills of married couples or civil partners—nil-rate band discretionary trusts

For the reasons given in I12.1117, nil-rate band discretionary trusts in the wills of the first to die of a married couple or civil partnership are no longer necessary or desirable in most cases. It will usually be better to rely on the nil-rate band carry-forward. To do this to the maximum it is necessary for the will of the first to die to leave everything to the survivor. Accordingly, most nil-rate band discretionary trusts contained in wills made before 22 March 2006 will not be wanted. However, it

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial