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Placing your protection policy in Trust


By putting your personal protection plan in trust, you can make sure the right money makes it
into the right hands at the right time.

If we told you about a product that it was free, could save you 40p in every £1 and could save you months of legal wrangling. Would you be interested?

That product is a Trust. Putting your plan in trust is free, may save you inheritance tax and avoids probate delay.

Give yourself piece of mind. Speak to us today about putting the personal protection plan we have recommended in trust.

Right Money.

You can use a trust to give some or all of the benefits on your plan to other people. This means that the benefits you give away would not be part of your estate if you die and would not usually be subject to inheritance tax.

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Inheritance tax is currently payable at 40% on any part of an estate valued over £325,000 (2015/2016). If you don’t put your plan in trust, any money it pays out is added to your estate.

Right Hands.

The Trusts we offer are flexible, which means you have control over who will benefit from your cover and who will be responsible for making sure that happens.

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When you’re setting up a trust you have control over who will administer any money paid out from a claim (the trustees) and who will benefit from any money paid out (the beneficiaries). You can also make sure you receive any benefits that you want to keep for yourself, for example a payment following a critical illness claim.

Right Time.

If you put your plan in trust it allows your provider to pay any claim you make more quickly than they could if the plan was not put in  trust. If you die without putting your plan in trust, your representatives may have to obtain a  Grant of Representation before they can deal with your plan. This process can take several months.

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Putting your plan in trust can avoid this delay. There are several trust forms available. We can help you decide which one best suits your circumstances.

Let us help you put your policy in Trust…


 

* Data Protection Declaration

Your Money Solutions (FS) Ltd will process all information in accordance with the Data Protection Act 1998 and it will be treated as private and confidential now and in the future. The only exceptions to this will be when the law requires us to disclose information or, with your consent, where disclosure is necessary when arranging or servicing your mortgage or protection contracts.

To fulfill our regulatory obligations, we will retain copies of your records for no longer than is necessary or for the duration of any contract you may enter into. You have the right to inspect these records at any time.

** Our Future Relationship

Our ongoing business relationship with you is important and we would like to be able to contact you by telephone, post or email from time to time to review your mortgage and associated protection product arrangements and introduce other services that may be of interest to you from ourselves or our associated companies.