Trust Benefits

A simple step that makes a big difference for your family’s future

Putting a life insurance policy into trust can make a big difference in how the payout is managed and who benefits. Here are the 5 key benefits:

Avoids Inheritance Tax (IHT)

A payout from a life insurance policy could be added to your estate for IHT purposes if not written in trust. By placing it in trust, the money is usually kept outside your estate, potentially saving your loved ones up to 40% in tax.

Faster Payout (Skips Probate)

Without a trust, the payout may be delayed until probate is granted (which can take months). A trust means the money can be paid directly to your chosen beneficiaries, often much quicker.

Control Over Who Receives the Money

You decide exactly who should benefit (and in what shares), rather than leaving it to the rules of intestacy or relying solely on your will.

Protection for Beneficiaries

Trustees can manage the money on behalf of children or vulnerable beneficiaries until they are old enough or capable of handling it.

Flexibility with Trustee Decisions

Depending on the type of trust, trustees may have discretion on how and when funds are distributed, allowing them to adapt to changing circumstances (e.g., providing funds when most needed).

Begin the Process

Complete the form below and we’ll be in touch to get things started or to answer any questions you may have about putting your policy into trust