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Writing a policy into Trust could be perceived as something that only the wealthy require but the reality is all life insurance policies should be written into trust.

By planning your family’s financial future and arranging your life insurance the right way you could give your loved ones the maximum possible benefit and protect their current and future standard of living.

It’s also important to ensure the policies you have in place will pay out to those that are intended to benefit.  A trust also helps with Inheritance Tax Planning, as any life policies in trust bypass probate and are not included within the estate when someone passes away.

If you’re not sure if your policy is written into trust or you’re thinking of putting a policy into trust, talk to us first. We can tell you which type of trust is most appropriate and help you put the trust in place.

HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be forseen. The Financial Conduct Authority does not regulate Trust Advice.