When trusts are tricky

TRICKY TRUSTS

clock

It is almost always best to write life insurance policies into trust, but the practice is not always popular among clients. Rachel Dalton finds out why

Life insurance policies provide a lifeline to families suffering the loss of a member. It makes sense that bereaved families would want to access the money provided when a life insurance policy is triggered as quickly as possible, and a trust can help to do that. However, setting up a trust is not always straightforward and there is no one-size-fits-all solution. Why trusts? Usually when a policy holder dies, their life insurance policy passes into their estate. It is then subject to all of the complications of probate. Alan Lakey, director at Highclere Financial, explains: “G...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

What Justin Bieber is telling you about your clients

What Justin Bieber is telling you about your clients

‘In our world, success, true success, is delivering someone to their goal’

Chris Justham
clock 22 April 2026 • 2 min read
Bank return to advice is a rare case of sequel eclipsing original

Bank return to advice is a rare case of sequel eclipsing original

‘Most banks and financial advisers will be serving vastly different customer bases’

Mark Glover
clock 21 April 2026 • 5 min read
FCA urges principal firms to strengthen inactive AR oversight

FCA urges principal firms to strengthen inactive AR oversight

Gaps in governance, reporting, and consumer protection

Isabel Baxter
clock 21 April 2026 • 3 min read