Wills & Trusts

Wills

A will primarily lets you direct how your belongings such as bank balances, property, or prized possessions should be distributed.

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If you die without a will the state oversees the dispensation of your assets, which it will typically distribute according to a set formula. 

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We always recommend our clients to have a Will if they have any assets to distribute if the unfortunate were to happen.

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Trusts

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

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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.

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For more information on arranging a Will or to arrange to speak to an adviser about setting up your Insurance policy into Trust please use your preferred method of contact below