If, when you die, your assets are worth more than £325,000 (2020/2021) they could be subject to up to a 40% inheritance tax.
This means that almost half of your family’s inheritance such as property, your money and your life policies will go to the government. A life insurance trust could mitigate this. Like a normal life policy, a life insurance trust pays out when you die, but it is safe from the taxman and from bureaucracy.
What Is A Life Insurance Trust?
What Are The Benefits?
By placing a policy in trust, it can often mean the benefit will be paid out quicker as it will avoid delays that could be caused by probate. The life insurance benefit would also be kept separate from your estate when you die and so is exempt from any possible inheritance tax.
Life Insurance Trusts With Warren & Co
Trusts should only be handled by legal professionals, and here at Warren & Co we are proud to offer you the best in advice and customer service. With comprehensive knowledge of the market, we aim to find an appropriate life insurance trust for your current circumstances. So make an enquiry with us today and we will provide you with the latest quotes from the industry.