Trusts can be an effective way to pass on your life assurance benefits to your loved ones when you die, whilst minimising your inheritance tax liabilities. At LDNfinance, our experienced advisers can listen to your unique personal and financial circumstances and advise you on the completion and implementation on a trust for your life assurance.
Our advisers have the expertise and know-how to offer highly qualified trust advice and help design a trust that denotes your beneficiaries and your trustee for managing the trust on your behalf. Trusts can be particularly useful when your beneficiaries are not considered able to manage the assets for themselves if, for example they are still dependent children. These assets can be held in trust until they are ready to handle your assets, rather than being spent or otherwise disposed of.
Trusts advice for tax efficiency
The setting up of a trust with your life assurance policy allows you to detail exactly where you require the benefit to be paid upon your death. You will also nominate trustees who will ensure your wishes are carried out. Once written in trust, this also becomes highly tax efficient.
Let’s discuss your unique personal and financial circumstances and arrange a trust plan for your life assurance for your beneficiaries which can limit their tax liabilities.