The Importance of Trusts
Trusts are usually simple to set up, but it’s important to select the right type of Trust.
What is a Trust?
A Trust helps ensure a pay-out goes to the people you’d like to benefit from your protection policy – should the worst happen. As the ‘settler’ (the person who creates the Trust), you can choose the people who will benefit (the ‘beneficiaries’). The Trust defines how and when they can receive the money from the insurance company.
Why is a Trust so important?
Be sure the right people benefit from your policy, at the right time, by putting it in Trust.
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