Why use a Trust?
Putting your plan in trust doesn’t need to cost you anything, it can avoid a delay in benefits being paid out and may help avoid inheritance tax. Or to put it another way, a trust makes sure the right money goes to the right hands at the right time. You can use a trust to give some or all of the benefits on your insurance plan to other people in the future whilst still retaining control now. This means that the benefits you give away wouldn’t be part of your estate if you die