The Benefits of a Life Policy Trust
Ensure Faster Payouts
Ensure Faster Payouts
Ensure Faster Payouts
Settling an estate takes, on average, 9-12 months. That's a long time to wait for the life assurance payment. But with a trust document , the proceeds can be paid out in a matter of weeks - providing your loved ones with the financial support they need, when they need it.
Avoid Inheritance Tax
Ensure Faster Payouts
Ensure Faster Payouts
Life assurance payouts that are not in trust can be subject to inheritance tax of 40% . Placing your policy in trust keeps the payout separate from your taxable estate, ensuring that the money goes directly to your beneficiaries rather than HMRC.
Maintain Control
Ensure Faster Payouts
Maintain Control
A Life Policy Trust allows you to decide exactly who benefits from your policy, in what proportions and when.
Life Policy Trusts also offer protection against creditors, disputes, divorce and future IHT - ensuring the money goes exactly where it’s intended.