A trust form is an optional application that each insurance company offers, usually free of charge.
Writing your life insurance in trust allows you can legally nominate who you want to deal with (trustee), and also benefit from (beneficiaries), the lump sum in the event you were to pass away.
If you decide to use it, the policy pay out will not form part of your estate and therefore could avoid 40% inheritance tax and also the probate process.
Do you have to complete a trust form?
No. It is an optional form and should only be completed if it suits your individual circumstances.
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Zurich Assurance Ltd
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