Taking out life insurance is the first step towards providing financial security for your dependents when you die. Arranging a life cover does not mean the full benefit of your policy will reach your dependents quickly. Placing your policies in TRUST means they payout …

  • at the right time
  • the right money
  • to the right people

A TRUST agreement is a document that spells out the rules that you want followed for property held in TRUST for your beneficiaries. Common objectives for TRUSTS are to reduce the estate tax liability, to protect property in your estate, and to avoid probate.

Advantages of writing life policies in TRUST

  • Faster payout as it avoids the legal hassles associated with probate
  • Avoids inheritance tax as the proceeds does not become part of the deceased person’s asset (estate)
  • Your beneficiaries get the full payout as you intended
  • Protection from your creditors as the proceeds fall outside your estate.

Why choose us?

  • We will review your existing Life Insurance policy to make sure that you have adequate cover in place
  • Truly Impartial advice from professionally qualified advisers
  • Our professionally qualified advisers will explain you whether placing policy in TRUST is beneficial to you or not.
The information in this website is for general guidance only and is based on our understanding of the law and HM Revenue & Customs practice. We can accept no responsibility for our interpretation of the law, or future changes in the law or practice. Last updated on 19th July 2019.
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