Protection focuses on getting money to your client’s loved ones, when it’s needed most. By using trusts, they can be sure the money paid from their plan is handled in line with their wishes – avoiding probate.
Trusts ensure the money from a protection policy is given:
- To the right people.
- At the right time.
- Usually without any inheritance tax liability.
There are different types of trusts available – once a policy is placed in trust, it usually can’t be changed. It’s important to know if our trust deeds are suitable to your client’s circumstances before you decide to use them. If in doubt, please speak to a legal specialist.