Hello,
Can someone pls advise how & what I need to do to put my mum's life policies into trust. they are all in her name, and this way will avoid any IHT ??
what are the forms, and where do i get these and procedure.
Many thanks
jk
Policy into trust
2 posts • Page 1 of 1
by bob.fraser@towrylaw. on Thu Feb 10, 2005 2:24 pm
You should get the advisor who set up these policies to do this for you.
If your mother can't remember who this was, or has lost touch with him/her, then get in touch with me and I'll do for her for free.
You are correct in stating that a life policy in trust is not paid into the deceased's estate, thus not only avoiding IHT but also avoiding the need for probate. It will pay out on production of a death certificate.
Bob Fraser, MBE, MBA, MA
Associate Investment Director, Rensburg plc
Fellow, Personal Finance Society
tel: 02890321002
mobile 07709430958
If your mother can't remember who this was, or has lost touch with him/her, then get in touch with me and I'll do for her for free.
You are correct in stating that a life policy in trust is not paid into the deceased's estate, thus not only avoiding IHT but also avoiding the need for probate. It will pay out on production of a death certificate.
Bob Fraser, MBE, MBA, MA
Associate Investment Director, Rensburg plc
Fellow, Personal Finance Society
tel: 02890321002
mobile 07709430958
- bob.fraser@towrylaw.
- Posts: 859
- Joined: Wed Aug 06, 2008 3:14 pm
2 posts • Page 1 of 1
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