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Trusts

Trusts

Trusts are a great way of ensuring the people you want to receive the benefits of the policy receive the sums you wanted them to receive.

It prevents any ambiguity of who you wished to benefit from the plan, especially in the event there is no will.

A trust can also prove a very valuable asset by keeping the benefits of the plan outwith your estate for inheritance tax purposes.The proceeds of a life insurance policy, written in trust, will not form part of your estate and as such will not be liable to inheritance tax if your estate exceeds £325,000*

*The current inheritance tax free threshold.