A trust is a legal means that allows a gift to be made to someone  without giving them any control over the gifted property.

When a protection plan is put in trust, the main advantages are:

  • A claim can be paid more quickly than if the plan was not put in trust;
  • The plan proceeds may be free of inheritance tax, and
  • The plan proceeds reach the intended beneficiary.

When we recommend any life or critical illness plan we will also advise whether it is appropriate to place the plan in trust, and if so will arrange this for you.

Trusts are not regulated by the Financial Conduct Authority.

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