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0113 895 0030

6-8 York Place, Leeds, LS1 2DS
[email protected]

0113 895 0030

6-8 York Place, Leeds, LS1 2DS
[email protected]


Free Trust Writing Service

Take comfort knowing that should the worst come to the worst, all proceeds from your policy will go to the people that matter to you when they need it the most.

We welcome both existing and non-existing clients of ours to take full advantage of our free trust-writing service and encourage you to contact us for further information, on 0113 895 0030 or by using the contact form to the right.

Here at AssureLife, we specialise in trust-writing and offer this as part of our comprehensive service. A trust is a legal document and can cost hundreds of pounds to set up with a solicitor, however we are able to do this free of charge for you.

There are a number of benefits to using a trust:

  1. Having a trust in place potentially saves you from paying up to 40% Inheritance tax on your life insurance payout.

  2. A trust also ensures the monies are paid to the right people as you can name them now so there are no grey areas if you pass away.

  3. Also you may have heard stories of insurance companies taking long periods of time to pay out on claims, with a trust the money is paid out right away, as soon as the claim has been approved.

  4. Finally, with this type of trust it is completely flexible so if, in the future you need to amend it, we can arrange for this to be done.

Who's who?

There are three main parties concerned with a trust. These are as follows:

The Plan-Holder

Usually referred to as the donor or settlor, the ‘plan-holder’ is the individual who has taken out an insurance policy to protect their family and friends should they pass away. It is their responsibility to allocate a trustee and nominate beneficiaries.

The Trustee

As a trustee, you have part ownership of the plan-holder’s policy and therefore have a certain amount of administrative rights. Whilst you cannot personally make any changes to the policy independent of the plan-holder, you may be asked to acknowledge changes they themselves have made.

Additionally, it is your role as a trustee to ensure that the terms of the trust are carried out in accordance with the plan-holders wishes, once they have passed away.

If you have already been appointed as a trustee and would like to know more about what your role entails, then we’d be happy to talk you through this. Call us today, on 0113 895 0030, where one our advisers will be available to take your call.

The Beneficiaries

The persons who are, or may become, entitled to receive the plan proceeds are called the ‘beneficiaries’. A trustee can also be elected as a beneficiary and discretionary trusts enable changes to be made to beneficiaries if required at a later date.

 

The Financial Conduct Authority does not regulate taxation and trust advice.

 

 

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