Trusts - Have your life cover paid to who you want the quickest way possible with no tax

If the proceeds of a life policy are paid to your estate on death, there can be a long delay before the money becomes available to your dependants and there could be inheritance tax to pay on the proceeds.

Writing an insurance policy in trust avoids these problems by ensuring that the policy pays out direct to your dependants, bypassing your estate altogether.

Jump Money will give you the option of writing your policy in trust at no extra charge and have standard forms for doing this. If the policy is a single life policy the trust will dictate who you want the proceeds to be paid directly to. If the policy includes critical illness it can still be placed in trust but using a different type of trust.

If you would like any help with the matter of trusts please contact one of our advisers.