Trusts
Find out about the trusts we offer and how to use them
Using a trust with one of our protection policies will make sure that the right people will receive the money, at the right time and usually without inheritance tax liability.
However, there are different types of trust available and it may not always be clear which should be used or the best way of setting it up.
To help you, we have information and forms for the most common types of trusts. To help you further, if your client has a life protection policy with us you can use our new online 'Trustbuilder Tool' to help decide on the right type of trust and complete it online.
It’s really important that you consider whether our trust deeds are suitable for your client’s circumstances before you decide to use them. If you’re in any doubt, please seek specialised legal advice.
What is a trust?
Visit our trust guide to find out more about:
- the use of trusts in general
- who's involved
- the advantages and disadvantages of trusts
What trust deeds do we provide?
Find out more about the specific trusts we provide below.
Flexible trust
Provides the flexibility for your client to change the default beneficiaries in the future from a range of potential beneficiaries.
Fixed trust
Unlike a flexible trust, this is “fixed” and the beneficiaries can't be changed at all once it is set up.
Split trust
Used with a life and critical illness policy to allow the life cover to go into trust, while the critical illness cover to be paid to the policy owner.
Business trust
Used in conjunction with a life or life and critical illness policy to protect a business.
LV= Trustbuilder explained
LV= Trustbuilder explained
Need help?
If you have any questions regarding trusts or our Trustbuilder call
0845 640 5273