DEATH BENEFIT PROTECTION

This package is designed for:

Payments and lump sums from Life Insurance Policies, Death in Service Schemes and Pension Funds are often more valuable than other assets. Usually, these payments pass to surviving next of kin and at worst into your own Estate. These funds may become subject to Inheritance Tax at 40%, may not end up with the family member you had intended or might not be used for the purposes you had hoped.

Our solution is to set up a Trust into which these payments can be made. We also include a Letter of Wishes - this allows you to outline how and to whom you want the payments in the Trust to be made.

Package highlights

  • Your choice of Trustees - ensure payments pass quickly to the people you want
  • Easy to submit information and to update in future
  • Affordable fixed-fee service - no financial surprises
  • Dramatically cut the time it takes to achieve a reliable set of essential legal documents

What's included

Trust

You choose the Trustees for your Trust. When you die, the people you nominate will be able to access the payment much more quickly by simply presenting a death certificate. This means they can use the funds for the benefit of the family straight away and protect the fund from being wasted or passing to someone unintended.

Letter of Wishes

The accompanying Letter of Wishes is a simple, personalised guide for the Trustees on how the money should be used. This can be easily changed at zero cost to cater for new circumstances. It makes our Death Benefit Protection package very flexible and affordable; you may save some Inheritance Tax as well!

Would you like to talk to someone? We're happy to help, contact us today

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