16.11.09 by Andrew Montlake
A Matter of Trust
It never ceases to amaze me how such a simple thing done, or not done, by one individual can have such a dramatic effect on many. Take life insurance, for example, you pay premiums for the benefit of your loved ones, and then a claim comes in and dear old Mr Brown and co walk away with potentially 40% of it!
The good news is, there is an incredibly simple way of making sure that the right money, gets into the right hands, at the right time. All you need to do is put your policy into Trust, and this is easy to do.
Using a Trust gives some or all of the benefits of your plan to other people, the people that really matter to you. This means that the benefits you give away would not be part of your estate if you die, and would not be subject to inheritance tax. This means that your beneficiaries get the money, not the government, and you can decide exactly who gets what when arranged in conjunction with your will.
Also, rather than potentially waiting months, or even years, for a payout to be made, putting a policy in trust negates the need for a whole lot of red tape and means the money is paid out much quicker, at a time when your family most needs the support.
In essence, if you were offered a product that was free, could save 40p in every £1 and save months of legal wrangling, I guess many of you would be interested.
To speak to a qualified advisor who can assist you with this now, please call 020 7856 2454 or click here for more contact options.
Monty’s Mortgage Blog
29.07.10
House Prices & Lending To Individuals
The frustration felt by many individuals that banks still do not seem to be lending in sufficient quantities is still evident in the latest Lending To Individuals figures from the Bank of England, which explains the frustration felt by many would-be borrowers.
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