| For the vast majority of situations, the most sensible thing is to put your life policy in trust. And in most instances, this should be a flexible trust.
A flexible trust allows you and others to control what happens to the money after your death. At the outset, you decide who is to benefit, and in what proportion.
The great advantage is this. The money is passed directly to your beneficiaries, without reference to your will or the taxman. It speeds up the process of getting the money to your beneficiaries by, on average, six months. Vital!
The only instance in which you cannot arrange a trust is when the policy is assigned to your mortgage lender.
Trusts are very easy to arrange, and Insurance4life does not charge for setting them up on your behalf.
|
