Trusts & Wills
Trusts play an important role in protection planning. Issuing a protection policy subject to a trust can help by:
Ensuring payments are made without any probate delay, so long as there’s at least one surviving trustee
Helping to mitigate the effects of inheritance tax, as the proceeds gifted to a trust fall outside the policyholder’s taxable estate on death
Ensuring the proceeds will be paid to whoever the policyholder nominates or would have chosen
We advise all our clients to put their policies into a flexible discretionary trust and will arrange this for them as part of the overall service.
A will primarily lets you direct how your belongings such as bank balances, property, or prized possessions should be distributed.
If you die without a will the state oversees the dispensation of your assets, which it will typically distribute according to a set formula.
We always recommend our clients to have a Will if they have any assets to distribute if the unfortunate were to happen.
For more information on the cost of a Will or to arrange to speak to Nicole about setting up your policy in Trust or to arrange a Will please use the relevant button below.